Buying your first home doesn’t have to be intimidating. Follow these simple steps designed to help you through the home buying process.
Get pre-qualified – Meet with a qualified home loan specialist to find out exactly how much you qualify for, and what documentation you will need to provide. A credit check will usually be completed by this part of the process.Documentation Needed for Pre-qualification:
A. 2 recent pay-stubs B. 2 months of bank statements to verify funds that will be used C. Government issued ID D. Most recent year’s tax returns
Find a home – Now that you’re pre-qualified, it’s easier to find the right home. A realtor can help you find the right home for you and, when ready, help with the purchase contract. They are a great resource, but aren’t required for the home-buying process.
Begin loan application – Pre-qualification was just a preliminary step. Once you find a home, and have an accepted offer, we can begin the loan application. If anything has changed since your pre-qualification, updated documentation may be necessary along with a copy of the purchase contract for the home.
4. Complete Due Diligence – A buyer’s due diligence are the things the buyer needs to complete to finish the home purchase. These include:
A. Home inspection B. Final loan approval
5. Closing – Once all the above steps are completed, you’re ready to close. This is the big day! All parties involved will schedule times to sign the necessary documents to transfer home ownership to you.
The home buying process can seem daunting, but don’t let that overwhelm you. Any Mortgage Loan Professional at Utah Community Credit Union can help walk you through the process. Speak to our mortgage professionals today at 801.223.7640.
Determining when to begin taking Social Security benefits depends on a number of factors, including whether or not you’re still working, your other sources of retirement income, how soon you need the income to help meet current living expenses, and your life expectancy. While you can begin taking benefits at age 62, many people choose to wait until they reach “full retirement” age—which is 66 for those born between 1943 and 1959, and 67 for those born in 1960 or later. Doing so entitles you to receive full benefits, whereas dipping into Social Security a few years earlier reduces your benefit amounts substantially.
The longer you wait, up to age 70, the greater your benefits will be. At age 70, you are eligible for the maximum annual benefit, which is 32% more than your full retirement benefit, and 76% greater than the benefit you were entitled to receive at age 62.
If you would like assistance in determining when to begin taking Social Security benefits, contact the office at 801-223-7502 to schedule a consultation.
All the best,
UCCU Financial Group
This communication is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
Securities and advisory services offered through Cetera Advisor Networks LLC, member FINRA/SIPC. Cetera is under separate ownership from any other named entity.
Not NCUA/NCUSIF Insured – No Credit Union Guarantee – Not A Deposit – May Lose Value Not Insured By Any Federal Government Agency.
Did you know 60 years ago UCCU started off as a credit union for BYU employees? As part of our 60th anniversary celebration we want to commemorate our BYU beginnings by offering of our community free ice cream from the BYU Creamery. Supplies are limited, so don’t delay. Visit your local branch today and claim your free half gallon of ice cream!
The credit union began in 1956 as BYU Employee’s Federal Credit Union. We’ve come along way since our operations on the stair landing in the Clark building. And as the credit union looks back on 60 years of inspiring smart financial decisions, what better way to celebrate than with free ice cream from the BYU Creamery. Stop by any UCCU branch location for your free ice cream voucher.*
Here are four anniversary celebrations that you should know about before they expire on July 31st:
Summer Loan Sale:
Whether you need an auto, home equity, or personal loan or would like to refinance one, lock-in UCCU’s summer loan sale rates. There is no obligation and you can use them anytime before the end of October.
We are inviting you to share your UCCU story as we celebrate 60 years of stories. These stories will be judged and winners will be selected to win a Smart Car plus 60 other prizes including a trip to Disneyland, 60” smart TV, iPad Pro, $600 cash and much more!
UCCU is donating $25K to local charities and your votes will help us decide! Working together to support important causes in our community has always been a top priority for the credit union. As part of our 60th anniversary celebration we’re donating $25,000 to local charities and we want you to help us decide how.
Be apart of UCCU’s 2017 calendar as we showcase the great state in which we live. Creating an annual calendar has become a fun tradition at UCCU. So share your favorite photos of our beautiful state for a chance to be featured in the upcoming calendar.
The credit union began with only seven members back in 1956, but now 60 years later we are over 130,000 members strong. We still work together as a community on the principle of people helping people. Thank you for choosing UCCU. Thank you for being a valued member.
Have you seen our award winning dragon float this year? We’ve designed an incredible float for parades in communities across Utah. If not, be on the lookout for our two-headed dragon float at your local parade!
With sports camps, pool parties and family outings happening frequently, there is no doubt that summer is now in full swing. We get caught up in the day to day and often let one important thing slip our mind. Safety. Be prepared for your child’s activities the rest of the summer by following some simple safety tips provided by the American Academy of Pediatrics (AAP).
Fun in the Sun
The best line of defense against the sun’s rays are to cover up.
Stay in shade whenever possible, and limit sun exposure during the peak hours of intensity (between 10 AM and 4 PM).
Apply sunscreen with an SPF 15 or greater on both cloudy and sunny days.
Reapply sunscreen every two hours, or after swimming or sweating.
Use extra caution near water and sand as they reflect UV rays and can increase chances of a sunburn.
Heat Stress in Exercising Children
Intensity of activities that last 15 minutes or more should be reduced whenever heat or humidity reach critical levels.
Before outdoor physical activities, children should drink freely and should not feel thirsty.
Kids should always have water or a sports drink available and take a break to drink every 20 minutes while active.
Clothing should be light-colored, lightweight and limited to one layer of absorbent material.
Sweat-saturated shirts should be replaced by dry clothing.
Children should promptly move to cooler environments if they feel dizzy, lightheaded or nauseated.
Avoid areas where insects congregate, such as stagnant pools of water, uncovered foods and gardens where flowers bloom.
Avoid scented soaps, perfumes or hair sprays on your child.
Combination sunscreen/insect repellent should be avoided. Sunscreen needs to be reapplied every two hours, but insect repellent should not be reapplied.
Use insect repellents containing DEET. 10% DEET provides protection for about 2 hours, and 30% protects for about 5 hours. Choose the lowest concentration that will provide the required length of coverage.
Children should wash off repellents when they return indoors.
Never swim alone. Even good swimmers need buddies!
Never leave children alone in or near the pool or spa, even for a moment.
When on boats, docks or near bodies of water, children should wear life jackets at all times. Make sure the life jacket is the right size. The jacket should not be loose and all straps need to be used.
Safety should be our top priority! For a more detailed list of safety tips provided by AAP, please visit the following links: 2016 Summer Safety Tips and Sun and Water Safety Tips