Determining your net worth gives you a great example of where your money health is at, and the path you need to go to meet your financial goals.
mortgage
What is earnest money, when it comes to mortgages?
When you buy a home or sell your home, there is a lot to consider. One thing involving home loans and mortgages is earnest money. What is it?
When is ok to finance a purchase through credit, or more debt?
All debt might seem bad. But there are situations that arise when getting a loan or a line of credit, while making debt, also might be for the best.
What is a good faith estimate, and how does it help me?
A good faith estimate (GFE) is a document that includes a full breakdown of all fees and costs. We look at these fees and what they mean to you
Is it a good idea to pay off my mortgage, and transfer those payments into investments?
Removing your mortgage is a great way to free up money in your budget. But should you invest that new money? Or should you do something else with it?
Should I talk with the credit union before purchasing a home?
First Choice has a wide range of options for our members to move into home ownership. Find out more about mortgages and home loans.
What is an escrow account, and do I need one for my home loan?
An escrow account is a very much needed device for mortgages and home sales. We look at what that means and why escrow accounts are used.
Should I refinance my house?
Your home is a valuable asset. While we all need money, refinancing might, or might not, be your best answer in troubling times. We try to answer if and when to refinance your home.
As the seller, what responsibilities do they have during the home buying process?
The home buying and home selling process has many areas. During the home selling process, specifically during closing, there are a few items sellers are responsible for.
What is a short sale?
Home ownership, unfortunately, is not for everyone. There are times when someone could be faced with foreclosure and short sales.