Home Equity / Mortgage

What will you do with your HELOC?

Your house isn’t just a home. It’s an investment. And with home values on the rise, a Home Equity Line of Credit— or HELOC, for short, might be the perfect way to put your home’s equity to work for you. A HELOC is a line of credit, issued to you, based on the equity you have in your home. What […]

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4 Ways to Bring Your Dream Kitchen to Life

A kitchen remodel or makeover not only adds value to your home, it will almost feel like you’ve got a new home. Here’s 4 ways to bring your dream kitchen to life.  1.) Know your budget  First, sit down and crunch some numbers.  With $5,000, you can spring for a fresh coat of paint, replace faucets, pick up a new […]

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Why do I need to get preapproved for a loan?

Q: I’m in the market for a new home, and everyone I talk to, from friends to financial advisors, suggests I get preapproved for a mortgage before I start house hunting. Why is this so important? A: You’re actually on the receiving end of great advice! When looking to take out a large loan, whether it’s for purchasing a home or buying […]

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The Essential Moving Checklist

Getting ready to move? Here’s a checklist you can use to make sure you’re prepared. 3 Weeks Before Move Set up a “move” file or folder Set up a “move” calendar Hold a garage sale Collect financial, tax, and employment documentation needed for your loan Donate un-needed furniture to charity Contact insurance companies to update addresses and/or transfer policies (life, […]

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Nest: save on utility bills right from your pocket

The skinny: Nest is a smart thermostat. It allows you to control the temperature of your home right from your smartphone. Within about a week, Nest learns your habits and adjusts to your preferred temperatures. Who’s it for? Anyone who wants to save money on their heating and cooling bills. Nest automatically lowers the temperature when you go to bed […]

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6 Buyer Tips for Hot Housing Markets

The housing market is heating up! For buyers, this may lead to submitting multiple offers or a potential bidding war. If you or someone you know is in the market to buy a home, here are six ways to give your offer the best chance for seller acceptance, especially when the competition is stiff: Get preapproved: Go through the process to […]

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6 Ways to Declutter Your Countertops

If you find yourself short on counter space, these six inventive tips can help you organize and maximize any counter in the house: On the wall: Take a look around your walls, particularly walls where cabinet spaces end. Wall-mounted corner shelves or receptacles near workspaces can give everything a lift. Drawer decisions: More organized drawers can help clear counter clutter. […]

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What Causes Home Loan Rates to Move Up and Down?

The Federal Reserve (Fed) monitors the U.S. economy and, when necessary, takes steps to address inflationary concerns to avoid economic recession. When the Fed discusses interest rates, it is primarily concerning the Fed Funds Rate, which is the rate banks use when lending money to each other overnight. Home loan rates, on the other hand, are dictated by the trading […]

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Rising Interest Rates: What Do They Mean For You?

If you read financial headlines, you’ve no doubt seen the news that the Federal Reserve is raising interest rates. These headlines can be accompanied with all sorts of hyperbole about the end of the stock market, the boom of bonds or any of a dozen other possible predictions. It’s easy to get overwhelmed when there’s this much information and so […]

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First Time Home Buyer Seminars

UCCU has always valued our stance on inspiring smart decisions! To educate our members on the home-buying process and better prepare you for homeownership, our mortgage department is hosting First Time Home Buyer Seminars monthly through 2017! This is a great way to learn what to look for, what to expect, and where to start when buying a home. So if […]

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