Is It More Affordable to Build or Buy a House?

When you’re looking to move out of your current home, you have many decisions — possibly including whether you should build or buy a house. Each option has its advantages. Buying an existing home allows you to move quickly (the average closing process can take 30-60 days, while a new home build can take 3+ … Continue Reading

Why Is My Credit Score Lower for a Mortgage?

Have you checked your credit score recently? We always advise that you check your credit score before making a big purchase that requires that you borrow money. But, often times there will be a credit score gap, which happens when the credit score you receive doesn’t match the score your lender pulled during the loan … Continue Reading

How to Budget for a House You Can Afford

You can read article after article full of first-time home buyer tips, and the most important message in each and every one is to budget for a house you can afford. In theory, it’s simple advice, but it may leave you wondering, “How much house can I afford?” How can you make a financially-responsible choice … Continue Reading

Advice for Unmarried Couples Buying a House

You’re not married, however, are you and your partner considering buying a home together? It’s happening more often. The 2019 Home Buyers and Sellers Generational Trends Report from the National Association of Realtors showed that 8% of recent home buyers were unmarried couples. Maybe you’re buying a new home before walking down the aisle or … Continue Reading

Buying a House When You Have Student Loan Debt

A college education is an important, and often costly, endeavor. Seventy percent of students leave college with significant student loan debt and the average amount of debt owed is $37,172. When you add debt from an auto loan or credit card on top of that, it’s easy to see why, in recent years, the idea … Continue Reading

3 Numbers You Should Know Before You Buy a Home

“Am I ready to buy a house?” is a question that most first-time home buyers ask themselves at some point in the process. The answer is never the same for everyone. However, there are three important numbers you should know before you buy a home, as they provide a snapshot of your financial profile and … Continue Reading

A Guide to Understanding Mortgage Documents

In the process of buying a new home, you’ll be presented with numerous documents that need your signature. And while your real estate agent, mortgage specialist, or closing agent may give you a quick description of the form, you may find your mind is swimming while you nod your head and sign. Before you get … Continue Reading

Home Buyer Trends for 2019 You Need to Know

Is a new home on the horizon for you this year? Before you start your home buying journey, it’s important to know some of the 2019 home buyer trends that may affect your purchase. In addition to national real estate trends for 2019, we’ve also included information on Pennsylvania housing market predictions, and more specifically … Continue Reading

Home Equity Loans vs Mortgages: Are They the Same?

Oftentimes there is confusion among potential homeowners as to the difference between home equity loans vs mortgages. They are not the same, and it’s important to understand which loan product is right for your needs. A mortgage is a loan that an individual receives from a lender to pay for a new home. The home … Continue Reading

Can I Buy Another House Before I Sell Mine?

How Second-Time Home Buyers Balance Buying and Selling at the Same Time First-time home buyers get a lot of attention because the whole process is new to them. It’s assumed that second- or third-time home buyers don’t need as much guidance since they’ve been through it all before. But as a second-time homebuyer, you face … Continue Reading

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The views, opinions, and ideas articulated in this blog are just that, and should not be construed as financial or legal advice. The writers of these blogs are educated on the topics they are writing about, but they are in no way licensed financial advisors or registered investment advisors. Diamond Credit Union is not responsible for any actions a person may take as a result of the information they read in one of our blogs.