You’re ready to buy a home, and this may or may not be your first rodeo. You’ve gone through the mental process of figuring out when the right time is, conducted research on the home-buying process, and put aside money for a down payment. Just as there are a number of reasons why you decided to buy a home, there are many ways of reaching that goal. In a typical home-buying situation, receiving keys to your new home starts when you get qualified for a home loan. A traditional mortgage may be the loan option that comes to mind first. With its fixed loan rate and steady payment amount for terms up to 30 years, this mortgage option is popular; however, in a one-size-does-not-fit-all world, there may be a better option for your situation. Putting aside time for researching additional home loan options is worth it, given the investment you’re making.
Topics: Home Loans
The decision to purchase a home brings about many thoughts and conversations about what to buy, where to buy, what we can afford, and where to start. While it is one of the most exciting times in your life, buying a home can also cause an overwhelming stress of the unknowns. You balance out the nostalgia you’ve built for the home you spent most of your youth in and what you want your dream home to be. If you’re like me, after deciding to purchase a home, you immediately dive into Pinterest to pin every appealing homeowner tip, while forgetting that there is a whole home-buying journey that takes you from applying for a home loan to earning the keys in hand.
Topics: Home Loans
Our CEO’s column in our employee newsletter, Logix Out Loud, is always an enjoyable read. Usually it is filled with big happenings at Logix, ideas for providing great service, or insights about how the credit union is doing. This month, Dave used his column to tell our staff about one of his favorite books, “The Richest man in Babylon.” The financial advice in the book is timeless, and certainly worth sharing with our members. Here’s Dave’s post to our staff: