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

Best Time to Buy a House During the Year

October is the start of sweater season, pumpkin spice season, and — did you also know — the start of home buying season. If you want to take advantage of a calmer market and purchase at the lowest prices, the best time to buy a house during the year is October through February. Best Month … Continue Reading

After Your Offer is Accepted: What Happens Next When Buying a New Home

When it comes to down payments, pre-approvals, and offers to buy, you feel confident that you know your stuff. But are you equally as confident about what happens after your offer is accepted? In our third Coffee House Talk session, our mortgage experts will be talking about the final part of the home buying journey. … Continue Reading

7 Ways to Save a Down Payment for a New Home

Trying to save a down payment for a new home can be a major point of contention for homebuyers, especially first-time buyers. Questions always arise about how big a down payment really needs to be. The answer to that question may not be the same for every buyer, but the same general rule holds true … Continue Reading

Buyer’s Market or Seller’s Market: How to Approach Each as a Homebuyer

When you start your home buying journey, it’s important to know if you’re buying in a buyer’s market or seller’s market. Understanding how to approach each market can help you set realistic expectations and make the home buying process go smoothly. What is a Buyer’s Market? Real estate is operating in a buyer’s market when … Continue Reading

The Process of Buying a New Home

We’ll be continuing our series of Coffee House Talks within the next few weeks by discussing The Process of Buying a New Home. Join area experts, including Paul Yacobowsky of Diamond Credit Union, for coffee and casual conversation about the steps you’ll take during your home buying journey. Being an informed buyer is the first … Continue Reading

Should You Refinance Your Mortgage — Yes or No?

As you pay your mortgage bill each month, do you find yourself wondering if you could be paying less? If so, this may be the push you need to refinance your mortgage and start feeling confident that your mortgage is the best choice for you. The Advantages of Refinancing When you refinance your home, there … Continue Reading

Get Ready! What To Do Before Buying a House

Buying a new home is an exciting milestone but it can be full of uncertainty. To help first time home buyers through the process of buying their first home, Diamond Credit Union will be hosting a series of three Coffee House Talks. Join our area experts at the first event Preparing to Buy Your Home, for … Continue Reading

Important Questions to Ask When Shopping for a Mortgage

There are a lot of options to explore when shopping for a mortgage: your local credit union, big banking institutions, mortgage brokers, online lenders and government agencies. Even after you choose a lender, each one will have multiple mortgage products to offer. When evaluating your options, there are several questions you should be asking when … 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.