As winter gives way to a spring thaw that will soon turn to summer, the housing market typically (during an average year) sees an uptick in activity from home buyers and sellers.
If you’ve taken out a mortgage, auto loan, or even just own a credit card then there’s a good chance that you intimately understand the fundamentals of interest rates. This is how it works, you borrow x amount of money that you pay back over an agreed upon period of time. Now because the creditor… Read more »
When it comes to footing the bill on larger expenses there are usually two routes that you can go: you can pay in a lump sum (one large payment) or in installments of payments (usually on a monthly basis.) Each has certain benefits and certain drawbacks. While they are available options for each person your… Read more »
Home ownership has a lot of perks: you can make renovations and stylistic changes at your leisure. You don’t have to rely on a landlord to make house repairs, and in the long run it’s a better money investment than renting. On top of all of that, if you own a home you can also… Read more »
If you’ve been a homeowner for a number of years, chances are good that you’re eligible for a home equity loan. But even if you are eligible you may be asking yourself: “Why would I take out another loan?” A home equity loan has quite a few benefits that are worth investigating. Does that mean… Read more »
Buying a home, especially if you are a first-time homebuyer, can be a very confusing and stressful process. Unless you went to college for finance or work in a financial institution, it’s not really something that you would have ever learned and chances are you weren’t looking into getting a mortgage in your teenage years… Read more »
Would you like to buy a home, but are worried you’d never qualify for a mortgage? Or maybe you just don’t know about the process behind it? Want to renovate, but can’t seem to save the extra cash? Learn how you can do and understand the answers to these questions.
HRCCU is offering you the chance to free up some cash for the summer! Interested? Keep reading!
Accessing your home equity gets a bit of a bad rap. If you hear a phrase along the lines of, “So, I took out a second mortgage on my house,” it is typically perceived as an indication of dire financial straits. This, for one, is not always the case.
PMI: it sounds like another one of those three letter acronyms that you might have heard in passing that you never really gave much thought. But if you’re mortgage shopping, it’s extremely important that you understand exactly what PMI is and why you should give serious consideration to avoiding it. You don’t want to commit… Read more »