Money Matter$ Blog | Financial Advice Blog from CFCU - Community Financial Credit Union

Tuesday, May 10, 2022

When it comes to the process of purchasing your first home, excitement and nerves are completely normal. However, the challenges of being a first-time homeowner can feel intimidating—daunting, even—particularly for those moving on their own for the first time. Let’s take a look at a few guidelines and tips that can help take the stress out of the decision to purchase your first home.

Your First Home Isn’t Usually Your Forever Home

When it comes to the purchase of a new home as a real estate investment, many first-time home buyers tend to want the biggest house they can get. With thoughts of starting families or getting enough space for an existing family to grow, buying a house is one of the first times people tend to really plan out their lives 30 years in advance.

Labels: first time homeowner homeowner homeownership home budget home home buying fixed rate mortgage home buyer house hunting home loans home down payment first home

Tuesday, June 23, 2020

All You Need to Know About Closing Costs

With stay-at-home orders being gradually lifted, realtors have started work back up in many states. So if you’re in the market for a new home, don’t forget to budget for closing costs! This includes all fees and charges incurred while officially transferring a property from one owner to another.

Here’s all you need to know about closing costs:

Labels: homeownership application appraisal buying a house buying home closing costs escrow home home buying mortgage mortgage information mortgage loan

Tuesday, April 14, 2020

Ways to Productively Spend Your Time at Home

For many people, navigating the COVID-19 crisis successfully means being stuck at home as they
wait out in quarantine. Sitting at home without much to do can quickly get old. If you’re waiting out the crisis at home, be proactive about spending your time productively. Here are some ideas to get you started:

Call an old friend.
Socializing in person may be out, but the old-fashioned phone still works just fine. A leisurely chat with an old friend can be a wonderful way to pass the time. You can also set up a video conference to talk face-to-face and reconnect.

Labels: coronavirus home community financial credit union fitness hobbies productivity spending time at home taxes

Tuesday, February 26, 2019

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, be sure to have an inspection contingency included in your contract. A professional home inspection can save you a ton of aggravation and thousands of dollars in the long run. The inspector will carefully examine the entire house, checking its systems, structure and equipment for functionality and potential problems.

Labels: first time homeowner home home buying mortgage community financial credit union home inspection home loan new home

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