MoneyWisdom Blog

Examining the Home Inspection Process

Posted by Bill Burpeau on Oct 24, 2017 1:00:00 PM

With all the assorted fees and costs that come with buying a home, shelling out hundreds of dollars to have the home inspection can seem like a prime area to save money by skipping a step. But foregoing the inspection could end up costing you thousands of dollars later, even on new construction. So if you are going to spend the money, you might as well get the most out of it. Here’s how to optimize this important process.

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Topics: Mortgages and Refinance

Are You Ready to Refinance?

Posted by MoneyWisdom Newsletter on Apr 21, 2016 1:38:11 PM

For most homeowners, now is a good time to refinance a mortgage. If you're considering this move, take these steps to help ensure your paperwork is handled smoothly:

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Topics: Mortgages and Refinance, Home Equity

Before Applying for a Mortgage: 5 Steps to Organize Your Finances

Posted by Hanscom Federal Credit Union on Apr 3, 2015 10:58:00 AM

You really want to buy a home — after all, it is still a part of the American Dream — but the finances of it can seem overwhelming. That’s why it’s so important to do some thorough prep work before you start looking for a mortgage.

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Topics: Mortgages and Refinance

Back to Basics: Your Mortgage

Posted by Hanscom Federal Credit Union on Apr 2, 2015 8:06:03 AM

How often do you buy a house? Not very often if you’re the typical American. Let’s say you own three houses in your lifetime: your starter home, the one you purchase to accommodate your growing family, and your empty-nester home. That’s a long time between purchases to remember all the ins and outs of getting a mortgage. Who can remember all those details?

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Topics: Mortgages and Refinance

Finding a new home: the fun part of the mortgage application process

Posted by Bill Burpeau on Mar 21, 2014 4:30:00 PM

When I’m looking for a new home (I bought five in 10 years; lots of job transfers), I very often get a gut reaction as soon as I walk in a house: “Yes, I can totally see myself living here” or “Not for me! I don’t even need to see the rest of the house.” While these feelings are important, you’ve really got to use your head more than your heart when choosing a new home.

Most people take about eight weeks to find a home. Feel free to take your time. Do your research. Check out different neighborhoods and school districts. Drive around to get a feel for different areas and pay close attention to the following:

  • How well maintained are the houses and lawns?
  • How close are you to public transportation? Shopping? The interstate?
  • Are there children outside playing?
  • What’s the traffic like in front of the house? Be sure to check at different times of the day.
  • What amenities/rules does the neighborhood association offer?
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Topics: Mortgages and Refinance

Find a Home. Find an Agent. Earn a Rebate. Right Here!

Posted by Bill Burpeau on Oct 11, 2013 4:00:00 PM

Did you know that Hanscom’s new HomeAdvantage® program gives you all the tools you need to start your home search?

How to buy a house: Access MLS online listings via HomeAdvantage to find the home of your dreams, as well as research neighborhoods and comparable properties. You can even save your search and get email updates any time new homes become available.

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Topics: Mortgages and Refinance

First-Time Home Buyer? Hanscom FCU Is on Your Side

Posted by Bill Burpeau on Sep 20, 2013 4:00:00 PM

With home prices and interest rates still low, now is a good time to buy a home. If you’re a first-time home buyer, there's a lot to think about – but it doesn't have to be overwhelming. By going into homeownership prepared, you'll be assured you're making a wise decision. Ready to take the homeownership plunge? Here's how to get started:

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Topics: Mortgages and Refinance

Eight FAQs about Factors Affecting Mortgage Loans

Posted by Bill Burpeau on Aug 2, 2013 4:30:00 PM

Reduce stress and save money. The more you know about the mortgage application process before purchasing a home, the better the whole buying experience will be. To help you gain more knowledge about the mortgage application process, we've focused on many important factors of mortgages and refinance in this blog the past couple of months.  

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Topics: Mortgages and Refinance

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