It’s time. Your dream of being a homeowner on the Front Range of Colorado is coming true. But, what first steps should you take? As you explore the Colorado real estate market, you’ll have to demonstrate your financial stability to lenders, real estate agents and sellers. Here are a few ways to get started. Money
As many as 78% of Americans see homeownership as a defining characteristic of the American Dream, according to a recent report by Mynd, a tech-enabled real estate company.1 There are many benefits to homeownership, but the ability to use home equity to reach other financial goals is one that many homeowners may not have considered.
Why does your credit score matter? How can you improve it? Where do you even begin? All of these questions are important to ask if you’re considering buying a home. To qualify, a minimum credit score may be required depending on the overall loan profile. The higher your credit score, the more likely you are
There are so many ways to buy and sell as an individual online. Through platforms like Facebook Marketplace, Craig’s List, and Poshmark, you can sell your unwanted possessions or purchase products from other individuals. While the premise seems simple, there are rules to follow and red flags to be aware of that can help keep
There are creative ways to refinance debt and save money in the process. For instance, a lower-interest auto loan can be used to refinance a high-interest loan like a credit card.
Each member of Elevations Credit Union is an equal owner of our financial institution, and we provide a variety of resources to empower our members with financial education and help them succeed. Seminars: We offer seminars on topics like retirement, home buying, financial planning and insurance. Sign up for one today! Our website and blog: Find
In order to provide amazing experiences for our members, we strive to make Elevations Credit Union the best place our employees have ever worked. With a passionate staff, we succeed at providing the best financial solutions for our members. I’m excited to share a story from one of our members, Elizabeth, who’s enjoyed some outstanding service
What’s the difference between a credit union and a bank? In his video blog, Gerry Agnes, President & CEO of Elevations Credit Union, explains that credit unions are not-for-profit financial cooperatives owned by members of the community. Banks, on the other hand, are owned by their stockholders, and they’re designed to make profits. Fundamentally, this
In addition to looking at your debt-to-income ratio and credit report, there are several other considerations underwriters take into account when reviewing your loan application. In this third and final part of our “Apply for a Loan” series, look at three additional questions underwriters ask. 1. How stable is your income? If you’ve been at your
When you’re considering applying for a loan, understand how underwriters look at you and calculate your debt-to-income ratio (DTI), plus take into consideration your financial situation and obligations to feel comfortable, as well.
