Your Complete Guide To Homeowner's Insurance

Your Complete Guide To Homeowner's Insurance

Q: My mortgage lender is requiring me to take out a homeowners insurance policy before I close on a new home. What do I need to know about this process? 

A: Homeowners insurance is designed to protect you and your family members from liability and to cover your home and possessions in the event of a disaster or theft. 

7 Reasons Not To Skip A Home Inspection

7 Reasons Not To Skip A Home Inspection

Shopping for a new home can be an exciting blur of listings, neighborhood scouting and open houses. There’s so much to consider! You want a house in the perfect neighborhood with that gorgeous kitchen and great yard, all within your budget. 

And then, it all finally comes together and you think you’ve found your dream home. But don’t go “under contract” just yet! First,

Category: Home Ownership

Why Does My Mortgage Lender Need So Much Information?

Why Does My Mortgage Lender Need So Much Information?

Q: I’m applying for a mortgage through my credit union and I’m a bit surprised at the amount of information they’re asking for to process my loan. Why do they need to know so much about me to grant me a home loan? 

 

A: Exhaustive research into the financial, personal and

Category: Home Ownership

Mistakes First Time Home Buyers Make - Infographic

Mistakes First Time Home Buyers Make
1.) Not Knowing Your Housing Budget 

Figure out exactly how much you can afford to pay each month in shelter costs. 

Be sure to include:

  • Mortgage payments (including interest – and PMI if applicable)
  • Property tax
  • Homeowner’s insurance
  • Utilities
  • Maintenance costs
  • Homeowner association fees
Category: Home Ownership

Beware of Mortgage Fraud

Beware of Mortgage Fraud

Preparing to purchase your dream home is super-exciting. That’s partly because you’re choosing a property that may be your home for the next few decades – or more! 

It’s also a time that’s jam-packed with activity and arrangements. In between looking at houses, you’re going to be consulting with your realtor, working with the credit union, tying up loose ends in your current home,

Category: Financial Wellness
Tags: mortgage, scams

Mistakes First-Time Homeowners Make

Need some guidance on buying your first home? Call and speak with a mortgage specialist today! (812) 425-5152

Buying a house is one of the biggest decisions you will ever make, and there are common mistakes that many first-time homeowners regret making. Here’s how you can avoid them.

1. Not Knowing Your Housing Budget

Avoid buying a home that is

Category: Credit Union News