BCU Learning Center: 5 Articles with Amazing Mortgage Advice
Have you explored the Beacon Learning Center yet? The topics, courses, and calculators are endless. You can peruse the site at your leisure or sign up for a customized experience with quizzes, challenges, and even the chance to win money.
Here are 5 Learning Center articles with great information for planning a mortgage purchase or refinance.
1. Qualifying for a Mortgage: 6 Determining Factors
Before applying for a mortgage, it’s helpful to know what lenders look at when making their decision to approve you for a loan. Let's take a look at the six financial indicators they will typically look at to determine your financial capacity.
2. Little Known Ways to Reduce Your Mortgage
Most of us dream about owning our own home, but a 30-year mortgage with interest and fees ends up being rather expensive. How can you reduce your mortgage cost and save yourself thousands?
3. Pros and Cons to Common Types of Home Mortgage Loans
Homebuyers have a number of choices these days when it comes to selecting a mortgage loan, but the options can be somewhat overwhelming when you aren’t sure what each one entails. So, how do you know which type of mortgage is right for you?
4. The Basic Terms of a Mortgage Transaction
Learn a few basic terms to help you through the mortgage process.
5. What to Expect When Transitioning From Renting to Owning a Home
As someone who is buying her first home after renting for a few years, I can definitely say that the transition is a little scary. You may find yourself in the same boat, but not to worry! If you plan ahead and know what to expect, going from renting to owning will be a breeze.