Remember those special refinance programs introduced by Fannie Mae and Freddie Mac this past summer to help two million eligible low and moderate-income homeowners decrease their monthly payments? These government-backed refinance initiatives are being retooled to benefit even more lenders and homeowners. In October, it was announced that in the coming months, Fannie will expand […]
Are You Ready to Own a Home?
Owning a home is a large part of adulthood for many, but it can be daunting to think of everything that comes with the process of becoming a homeowner. From being financially stable to accounting for possible emergencies, there are certain things to be aware of when it comes to purchasing a new house. Determine […]
Mortgage Mistakes to Avoid When You Buy a Home
Whether you’re a first-time buyer or a homeowner looking to trade-up, your time to buy could be coming. Here are some common mortgage borrower mistakes to avoid: Don’t ignore past or current credit problems or do anything to harm your future credit score. Whether it’s your FICO score or a blemish in your past, […]
June is National Homeownership Month
June marks National Homeownership Month – a month dedicated to celebrating and promoting the benefits homeownership brings to individuals and families across the country. CU Members Mortgage has been proudly offering a wide variety of home loan solutions coupled with award-winning member service for credit unions and their members for nearly 40 years. Although we […]
Should You Refinance Your Mortgage to Pay Off Other Debts?
Years ago, it used to be tough to decide whether to refinance your mortgage and use those savings toward paying off other debts. But today, the stakes in such a decision are the lowest they’ve ever been. That’s because mortgage rates are some of the most competitive we’ve seen in history. Homeowners have the opportunity […]