Becoming a first-time homeowner can be challenging, but developing a game plan can help you get there faster than you think. Here are some money moves to set you up for home-buying success.
Becoming a first-time homeowner can be challenging, but developing a game plan can help you get there faster than you think. Here are some money moves to set you up for home-buying success.
The good news for homebuyers is that California’s hot market is showing signs of cooling. In fact, median home prices saw a 2.3% decrease from August to September 2021.
Shopping for a home loan? An adjustable rate mortgage, or ARM, may be right for you. Continue reading
As a not-for-profit financial cooperative, SchoolsFirst FCU provides affordable solutions to help you achieve the dream of homeownership. Because we return profits after expenses to Members in the form of lower interest rates and low or no fees whenever possible, we offer highly competitive mortgage solutions, along with expert guidance to help you make the most of your money. Continue reading
Contrary to what you may think, signing up for a mortgage loan doesn’t mean you’re trapped in that rate or term.
Knowing when to refinance, for instance if rates change or events arise that prevent you from paying as you had planned, can help you understand how to cut your costs or tap into your home’s equity.
There are plenty of moving parts when it comes to buying and owning a home. It’s no surprise then, that the terms that go along with the process might be a tad confusing, especially when people bandy around acronyms.
Take heart — you can get up to speed on the definitions in no time.
Here’s a baker’s dozen of some common real estate terms you need to understand when navigating the homebuying process.
The peak homebuying season starts in March and runs through the summer months, with plenty of homes on the market. But according to the experts, if you’re looking for deals there may be better times to buy.
According to the Insurance Information Institute, just 40% of renters have renters insurance. That’s too bad, because it costs very little—usually less than $20 a month—but offers a lot of protection. So why don’t more people get it?
Back in the good old days, it was common for several generations to live under one roof. In recent years, multigenerational living has made a big comeback, and with it more innovative housing choices. In fact, one in five American households are comprised of adults from different generations such as parents and their adult children, or grandparents, parents and children, according to census data.