Finex Blog

How Much House Can I Afford? 5 Steps to Ensure You Don't Overspend

Posted by Finex CU on Apr 11, 2023 11:10:00 AM
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Topics: mortgage, first time home buyer, custom mortgage solutions, home loan

Wondering Should I Refinance My Mortgage? [Expert Tips Inside]

Posted by Finex CU on Aug 2, 2022 11:20:00 AM
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Topics: refinancing, mortgage, custom mortgage solutions, home loan

Home Loans: What You Need to Know to Get Approved [10 Item Checklist]

Posted by Finex CU on Jul 28, 2022 10:27:00 AM

If you want to know how to get approved for a home loan, you've come to the right place. According to the National Association of Realtors® 2021 Home Buyer and Seller Generations Report, 87 percent of recent buyers and 97 percent of buyers 40 years old or younger financed their home purchase. With the majority of homeowners requiring a mortgage to purchase their dream home, it’s time to dive deep into what it takes to get your home loan approved.

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Topics: mortgage, first time home buyer, custom mortgage solutions, home loan

Credit Union vs Bank: Which Mortgage is Better

Posted by Finex CU on Jul 7, 2022 10:26:00 AM
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Topics: mortgage, first time home buyer, custom mortgage solutions, home loan

What to Look for When Buying a House in a Hot Market

Posted by Finex CU on Jun 16, 2022 10:25:00 AM

The surging real estate market shows no signs of slowing down and that creates opportunities and challenges for buyers. When looking to buy a house, a hot market can take home prices and the competition to a new level. Buyers can tell when the real estate market is hot when they see increased home prices, fewer affordable listings, more bidding wars (more buyers competing for the same property), and homes remaining on the market for less than the average length of time.

While the flurry of activity in the housing market is welcome news, experts tend to agree that the country is immersed in a “seller’s market.” That label typically means that there are more active buyers than inventory. If you are considering applying for a home loan, it is essential to know what to look for when buying a house. It is also crucial to avoid common mistakes that prove costly.

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Topics: mortgage, first time home buyer, custom mortgage solutions, home loan

FHA Loan Pros, Cons and Must-Know Tips to Get Approved

Posted by Finex CU on Jun 2, 2022 10:08:00 AM

Federally-guaranteed mortgage programs are designed to serve ordinary people who do not necessarily possess perfect credit scores or earn high salaries. The Federal Housing Administration (FHA) backs home loans that give working families and individuals an opportunity to enjoy the American Dream of homeownership.

An FHA Loan makes it easier to qualify for a mortgage. Everyday people who want to stop throwing their hard-earned money away on apartment rents would be wise to consider an FHA Loan.

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Topics: mortgage, first time home buyer, custom mortgage solutions, home loan

5 Mistakes to Avoid as a First Time Home Buyer

Posted by Finex CU on May 30, 2022 10:10:00 AM

As you prepare to buy your first home, you likely face the process with a mixture of fear and excitement, and for good reason.

This is a major financial step and one of the largest investments you will make, and you want to make sound financial choices. Before you start the process and become a first time home buyer, make sure you are not falling victim to these common first time home buyer mistakes.

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Topics: mortgage, first time home buyer, custom mortgage solutions, home loan

When to Refinance From an Adjustable-Rate to a Fixed-Rate Mortgage

Posted by Shaughnessy Comstock on Aug 8, 2018 4:26:00 PM

Unlike diamonds, mortgages are not forever. The ultimate goal is to pay them off and own your home free of encumbrances. But there are many good reasons to trade in your original mortgage for a new one along the way.

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Topics: refinancing, mortgage, first time home buyer, home loan

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