Buying a home is one of the most exciting and important decisions of your life. Before you go to an open house and get your heart set on your dream house, it’s a good idea to prepare. Knowing what you want and what you can afford, and understanding the mortgage process are all big pieces of the puzzle.
You’ll need to know your credit health and monthly budget. This will determine what you can afford.
For starters, Logix is a not-for-profit cooperative, so earnings are returned to members through better rates, lower fees, improved services, and increased reserves to maintain unmatched financial strength. We really do want to earn your business! Please read on to learn more about how we set rates for some of our most popular accounts.
Has your organization recently switched to a remote work environment? Is your dining room table now a desk? You are not alone.
Since mid-March, many of us have found ourselves in the unique position of working, teaching, playing, eating, crafting, learning and just plain staying at home. If you’re anything like me, the more time you’ve spent at home, the more things you’ve noticed need fixing around your house.
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.
