Dream of Homeownership into a Reality
Logix helps middle-income members achieve homeownership dreams with FHLB's Down Payment Assistance Program, offering grants up to $50,000. Discover how we make homeownership more accessible.
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Home Warranty 101: Making the Right Choice
Ah, the joys and jitters of home ownership! Picture this: you've just cozied up in your dream home, but alas, your trusty appliances and systems decide it's time to throw a wrench in the works. Enter the answer to your problems - your home warranty. By understanding how home warranties work, you can make informed decisions about whether to invest in one for your home, considering your needs, budget and more. Here's what you need to know to make the right choice for your household.
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Refinancing Your Mortgage
Buying a home often involves securing a mortgage, a long-term loan designed for real estate. But life changes, and so do financial needs. Enter mortgage refinancing — the process of replacing your current mortgage with a new loan featuring different terms. Homeowners commonly refinance to take advantage of lower interest rates or reduce monthly payments. Refinancing can be a strategic financial move, but you need to know its ins and outs to determine if it's right for you and make an informed decision about mortgage refinancing.
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What Is a Conventional Home Loan?
A conventional home mortgage is a type of home loan that is NOT backed or insured by a government agency like the Federal Housing Administration (FHA) or the Department of Veterans Affairs (VA), but many conventional loans end up being purchased by Fannie Mae and Freddie Mac. Instead, conventional mortgages are typically offered by private lenders such as banks, credit unions, and mortgage companies. These loans often require a higher credit score and a larger down payment compared to government-backed mortgages. Conventional mortgages can be used for various types of 1 - 4 unit homes, including primary residences, second homes, and investment properties. They are a common choice for homebuyers with good credit and financial stability.
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Garages Aren’t Just for Cars Anymore
Lots of people dream of upgrading or expanding their homes in order to have more living space. But before you think about putting your home on the market, consider upgrading your garage into a livable area using the equity on your home. This source of extra cash can help you turn that oversized room into your very own "Man Cave" (or "She Shed"), home office, tiki bar, or an ADU! Here are some reasons why a garage conversion loan might be right for you.
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Open the Door to These Conversion Ideas
Moving into your dream home doesn't guarantee you won't one day get the itch. You know the one — it starts with a light tingly sensation and only fades after you browse virtual open houses for several hours (or longer). Okay, back up.
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“Out of Office” Working From Home in 2022 and Beyond
If you're part of the 45% of the American workforce navigating the ups and downs of remote work life, it's a great time for homeowners especially to look at investing into their space.
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Five Reasons to Use HELOC Funds
If your home is worth more than the total mortgage balance plus any property liens - congratulations! You have what those in the real estate game call equity. Here are some ways to use HELOC funds to improve your financial standing and your lifestyle.
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Home Appraisals
After much time and research, you've found your dream home. Now that your lender has already pre-approved you, it is time for the home appraisal.
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Finding the Right Lender
For most, the home-buying process can be a stressful journey. Finding the right lender can be the difference between lumbering along a bumpy road and a smooth ride leading straight to your dream home.
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