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For most people, buying a home will be the biggest purchase of your life – so you want to make sure you get it right.
You've got to consider the kind of property you want, the location, schools, commute, and all those other lifestyle factors. Most importantly, you have to think carefully about your budget and how much house you can afford.
The house price is only one factor that goes into determining your monthly mortgage payment. It's made up of several different parts and you'll need to understand them all before you can figure out what house you can afford.
With the demand for new homes increasing by nearly 25 percent from 2020 to 2021—and many homes going for tens of thousands of dollars over the asking price—coming up with a 20 percent down payment has become even more difficult for many home buyers.
What’s a potential home buyer to do?
One option to consider is mortgage insurance. But what is mortgage insurance? Listerhill Credit is here to help.
The historically low mortgage interest rates of under three percent have left many Alabama homeowners wondering if they should refinance their mortgage. While pursuing a mortgage refinance now could provide several benefits, it is important to understand the benefits and weigh the pros and cons.
If you are looking to leverage the equity you’ve built in your home to borrow money, you are probably considering getting a home equity loan or a home equity line of credit (HELOC).
What you may not be aware of, though, is that there are ways to improve the rate you get on your HELOC or home equity loan, thus saving you money in the long term.
If you are looking for ways to tap into your home’s equity and borrow low-interest money, you’ve probably come across information about taking out a home equity loan or accessing a home equity line of credit (HELOC).
Depending on your situation, though, you may or may not meet the requirements for a HELOC or a Home Equity Loan. We’ve laid out the basics so you can understand what is required to tap into your home’s value with these two tools.
We've once again been named the best credit union in Alabama according to Forbes! Forbes rated banks and credit unions based on overall recommendations and satisfaction along with five subdimensions: trust, terms and conditions, branch services, digital services, and financial advice. Over 25,000 customers were surveyed through market research firm Statista to capture their opinions on current and former banking relationships. Of the 5,068 credit unions nationwide, just 3.6% made Forbes’ list.
Shopping for a mortgage can be stressful, especially if it’s your first home. From confusing terminology to difficult-to-compare differences, the process can make your head spin. To understand the process, there are a few concepts you should be familiar with. In addition, there are some general steps to follow to get you in the right home with the right loan.
To help you through the process, we’ve developed this guide. It covers some general definitions and some guidelines, from setting a budget to shopping for a mortgage.
Meet Trennon and Tracey Putnam, proud members of Listerhill Credit Union. In search of a new project, the Putnams wanted to add a nice flair to their landscaping. Using their cash back from a previous loan campaign, they were able to fund and create a fun gazebo for their yard.
Shopping for a mortgage is exciting, but it can also seem as if you need to learn a whole new language. What is a conventional loan? What does fixed-rate and adjustable-rate mean?
We're here to answer these questions and more to help you feel confident as you begin the process of applying for a mortgage.
