<iframe src="//www.googletagmanager.com/ns.html?id=GTM-MZKHG3Q" height="0" width="0" style="display:none;visibility:hidden">

Stay Up to Date With Freedom First News

Freedom First Credit Union Should I Buy a House Now?

Q: I’ve been saving up for a down payment with plans to buy a house and feel ready. But, with the real estate market hotter than ever right now, I’m wondering if I should go ahead with my purchase or push it off until the market settles down. Should I buy a house now?

A: The real estate market has been hit particularly hard by the coronavirus pandemic. Coupled with several factors, like falling interest rates, moratoriums on foreclosures or evictions and an increase in demand, prices have driven upward across the country. 


Freedom First Credit Union When Is the Best Time to Refinance a Mortgage?

If you’re a homeowner, you’ve probably thought about refinancing your mortgage at some point. After all, home loans are long-term, usually ranging from 10 to 30 years. A great deal can happen in that time, including interest rates dropping, your home value increases, the introduction of new loan types, among other market changes.

While refinancing your mortgage may seem to be extra work for you, lowering your interest rate by just 1 percent on a 30-year mortgage could save you thousands of dollars. Perhaps you’re in the position to pay off your loan quicker and want to reduce your term. There are many perks to refinancing we will discuss in this article.


Freedom First Credit Union Should I Refinance My Home Mortgage?

Q: Many of my friends have refinanced their mortgage recently, and they’re urging me to do the same thing. Money is always a bit tight, and the thought of an extra few hundred dollars a month is very tempting. Should I refinance?

A: Refinancing a mortgage is essentially paying off the remaining balance on an existing home loan and then taking out another mortgage, usually at a lower interest rate. It may sound like a no-brainer, but there are lots of factors to consider before deciding to refinance.


View a full listing of our Products and Services:

Looking for a phone number, address, or other basic info?