A Place of Your Own
- Start by making sure your credit is in order- You know you’ll need a mortgage to get your new home. As soon as you know you’ll be house-hunting, review your credit to make sure you won’t find any surprises.
- Buy something you can comfortably afford- Most people buy a home that’s two and a half times their annual salary. To make sure you have the right figures, use one of the tools or calculators in our research section to run the numbers.
- Do people still put 20% down? The great thing about being a credit union is we have many different programs and low interest mortgage rates. Whether you plan to put 5% or 20%, our Personal Financial Assistants can walk you through different scenarios and the benefits and drawbacks of each.
- Before house hunting get pre-approved- Getting pre-approved will save you from looking at houses you can’t afford and put you in a better position to make a solid offer when you find the right house.
- Get professional help- Sure everyone knows that the internet has helped homeowners with access to information, but you are much better off using a professional real estate agent, who will look out for your interests and help you with strategies.