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Catholic Federal Credit Union Financial Fitness Blog

How to Tell You're Ready to Buy a House

Posted by NerdWallet on Aug 19, 2016 1:01:34 PM

Making the decision to become a homeowner is emotionally and financially complex. Here are some key things to ask yourself if you're considering whether buying is right for you.

Do you have a good reason to buy?

Sometimes switching from renting to buying is a no-brainer.  Maybe you live in a modern one-bedroom apartment in a chic part of town, but you have a baby on the way. If you want a place in a good school district, with more square footage and a yard, buying may well be your best bet.

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Topics: Home, home ownership

This Guy Paid Off His Mortgage In Three Years.  So, Why Does He Regret It?

Posted by Bethany Dutcher, VP Marketing on May 14, 2016 9:25:57 AM

There's not much in life that is more freeing than finally paying off a large bill.  Suddenly, our checking accounts are flush; the future feels more open, and even our favorite jeans seem to fit better.  When it comes to a mortgage, of course, that seems so far down the road it's difficult to imagine, particularly for those just starting out.  If you've always paid rent or a mortgage, it just kind of feels like that bill is always there, the background noise of your life.

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Topics: Home, financial goals, savings

Your Down Payment On A House

Posted by Kelly Prast, Mortgage Supervisor on Apr 20, 2016 12:37:58 PM

Q: I'm hoping to buy a house in the next few months. How much of a down payment should I have saved up?

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Topics: Saving, Home, mortgage, house, down payment

4 Home Improvement Projects with Long-Term Return

Posted by Bethany Dutcher, VP Marketing on Jun 30, 2015 10:12:30 AM

When you're making improvements to your home, you're not just making your life better in the short term. You're also making an investment in your future. Ideally, the increase in the value of your home will exceed the cost of the improvement.

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Topics: Home

Best Ways to Save for a Home

Posted by Bethany Dutcher, VP Marketing on May 28, 2015 2:02:35 PM

Except for Veterans Administration loans and Rural Development loans, it still generally takes some cash up front to get into a home. How much cash you’ll be required to have up front depends on the type of mortgage (whether FHA or conventional) and your personal financial situation. The better your credit, though, the lower the down payment the lender may expect.

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Topics: Home

Love the Home You’re In

Posted by Lynn Brahmer, Member Services on Jun 26, 2014 11:06:00 AM

A couple of months ago I decided to put new hardware on my kitchen cabinets. (Probably as a result of watching too many home decorating shows on HGTV!) When I bought my house in the mid ‘90s, brass colored fixtures were all the rage; in 2014 they just look dated. I went online, ordered a couple dozen new nickel-colored knobs, and my kitchen had a whole new look. The difference is amazing and it cost me less than $40 and just a couple hours of my time.


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Topics: Home, Home Improvements

Welcome!

We're happy you're here. Our blog gives us another way to communicate with you in a fun, relaxed way. Don't worry; we won't be selling you anything. We just want to share a more personal part of ourselves so you can get to know the lighter side of the credit union. Our goal is to improve your financial well-being, we'll also share helpful financial tips and recommendations covering everything from students loans to retirement planning, and dream vacations to budgeting, many from our own personal experiences. After all, we're still people helping people, as we have been for 60 plus years. Now we just have more ways to reach out and help. 

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