Sail through the Mortgage Process in a Breeze
Posted On: March 13, 2024 by CSE Federal Credit Union in: Education, Mortgages
Sail through the Mortgage Process in a Breeze
Ready to set sail on the thrilling journey of homeownership? Fear not, we're here to guide you through the mortgage process like a seasoned captain navigating calm waters with 10 tips below.
Are you seeking Smooth Sailing? Then, prepare the docks…well, the documents. If you gather the following paperwork ahead of time, it can help you navigate the first leg of the home-buying process.
A valid...
No Place Like Home Equity
Posted On: May 4, 2023 by CSE Federal Credit Union in: Budgeting, CSE, Education, General, Mortgages
No Place Like Home Equity
Home equity is the difference between the value at which your home has been appraised (or the market value) and the remaining outstanding balance you carry on your mortgage. With the rise in home prices that we’ve seen in recent years, you may be surprised to find the equity in your home to be greater than you think. This equity can be a valuable asset that you can use in a variety of ways to improve your financial situation.
There...
MORTGAGES - THREE KEY ELEMENTS: CREDIT, DOWN PAYMENT, & INCOME
Posted On: February 21, 2022 by CSE Federal Credit Union in: Education, General, Mortgages
If you’re new to the mortgage loan process, or if it’s been a while, you may be experiencing a variety of emotions if you’re thinking about getting a new home. Before getting too far into the process, one of the first steps in buying a home is going through the mortgage pre-approval process. Learning about the most important factors and knowing what you need so you can speed up the approval process can make a big difference in how ‘easy’ it is for...
Mortgage Pre-Approval Tips from CSE Experts
Posted On: March 19, 2021 by CSE Federal Credit Union in: CSE, General, Lending, Mortgages
Buying a home is a memorable and huge experience that many people dream about. But, buying a home isn’t something you should do ‘on the fly’, rather something you should do mindfully with good research, consideration, and financial stability.
It’s important that you, and your co-borrower if you have one, do ample know what it is you’re looking for in a home exactly. Talk about it, and make sure you’re on the same page. Once you’ve...
Mortgage Loans: Exploring Myths vs Reality
Posted On: March 10, 2021 by CSE Federal Credit Union in: CSE, Education, General, Lending, Mortgages
Purchasing a home can be one of the most exciting, while being equally one of the most stressful times of your life. The housing market has been on fire in recent years, so when you see a house that you’d like to explore buying, you’ve got to be prepared. To help provide some clarity, we want to provide some insight on some of the most common mortgage myths that consumers may question.
Myth #1 | You need 20% for a down payment....
Making Sense of the Mortgage Process
Posted On: March 11, 2020 by CSE Federal Credit Union in: Lending, Mortgages
Just because it’s a seller's market doesn’t mean it’s not a good time to buy, if you’re ready. Right now there will be homes popping up faster than you know it, even more so since Spring is here. Being prepared now means you’ll be ready when you find that home of your dreams!.
Where do I start?
First things first - determining your needs and wants in a home and setting a budget. If you’re buying a home with another person,...
