 |
A home to call your own! Your own piece of land! Maybe this is your first purchase, or maybe you're a seasoned pro. Either way, there's no doubt that a lot of paperwork, logistics, research and communication is about to take place for the sale to be complete.
But don't let that scare you - we're here to help provide you with all the tools to get you started! Our Home Buying Guide will literally walk you through each step of the process, giving you the knowledge needed to make the right decisions and put your mind at ease. It covers everything, from helping you figure out how much of a home you can afford, how the buying process works, to even giving you information on moving into and maintaining your new home. Then, once you're ready, visit our Home Center to get information on the many types of home loans available, to get a rate quote, or even to apply for a home loan online.
In order to get a handle on what you can afford, a good place to start is to get your arms around your current income and expenses. If it looks like your belt will need to be tightened a little so that you can get what you'd like, this debt reduction worksheet may help you figure out what can be reduced or eliminated. Once that's done, you'll be ready to get an idea of what your mortgage payment would be using our mortgage payment calculator.
As probably the biggest purchase you'll make in life, it is very important to adequately insure your new home. Homeowner's insurance helps you to do this by protecting the structure, its surroundings and what's inside against damage or loss.
If you're buying the house with someone else, you'll also want to insure that if something happens to you, they will have the resources needed to continue to make the mortgage payments. Life insurance is crucial to help with payments in the event of the unexpected. Having accidental death/dismemberment is also a good idea for the extra coverage of substantial physical injuries.
Shell New Orleans FCU is your one-stop center for all your financial needs - including buying your home. See our Home Center for extra assistance and information on our great rates for fixed and variable rate mortgages and everything you'll need to make your home buying experience a great one.
|
|
|
