Category: Mortgage

a house made from stacked coins and two creased one hundred dollar bills resting on the coin stacks to form a roof

Renting vs. Buying a House

Your friends are buying homes, your kids want a yard with a pool, and you want your own office space. But is it time for you to buy a house? Purchasing a home is one of the biggest decisions an adult will make in their life, and potentially one of the most stressful times. So,… Read more »

How has COVID-19 Influenced Mortgage Rates?

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.

Why Interest Rates Fluctuate

If you’ve taken out a mortgage, auto loan, or even own a credit card, there’s a good chance that you understand the fundamentals of interest rates. You borrow a certain amount of money that you will pay back over an agreed upon time period. Now, because the creditor or financial institution is loaning the money,… Read more »

Home Equity vs. Refinancing: Which is Right for Me?

Home ownership has a lot of perks. You can make renovations and stylistic changes at your leisure, drastically change the layout, and even re-do the backyard completely. You do not have to rely on a landlord to make house repairs, and, in the long run, it’s a better investment than renting. (But you’ll need to… Read more »

3 Reasons to Take Out a Home Equity Loan

If you’ve been a homeowner for a number of years, there’s a good chance 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 you… Read more »

15-Year Mortgage vs. 30-Year Mortgage: Which Makes Sense For You?

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 or… Read more »

A Guide to Mortgages & Home Equity Loans

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 answer these questions, and more.

Why Might Skip-A-Pay Be for You?

Each year, HRCCU offers its members the Skip-a-Pay program twice per year, in the summer and the winter. The loan must be at least six months old to qualify for the program. HRCCU offers the option to skip on the following loans: personal loans, VISA credit cards, auto loans (excluding GreenLight Auto Loans), boat and… Read more »