They say knowledge is power, especially when it comes to buying or selling a home. And when you’re trying to do both at the same time, you’ll need the right information to make the transition as smooth as possible.
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 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.
If you’re planning to buy a home, you may be worried if you’ll have enough money saved for a down payment. You’ve probably heard that you can use retirement funds to help, but it’s important to know the restrictions, or you could be stuck paying penalties and taxes. And even though a home can be a great investment, taking out retirement funds early could hurt your long-term security.
Here’s what you should know before you make any financial moves.
Once the kids grow up and move out, you may be considering downsizing. Here are some upsides to making the move.
There’s plenty of reasons to think about upsizing: perhaps another child is on the way, you landed a job in another city or maybe you need a home office for your business.
Newlyweds Faviola and Jorge wanted to buy their first home together, but were a little nervous about the process. They came to their Credit Union for help, enrolled in our Home Advantage Program, and were paired with a real estate agent who provided expert guidance every step of the way.