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Financial and Lifestyle Resources for Vermont

VSECU Blog

In the VSECU Blog you'll find financial and lifestyle resources to help empower possibilities for your personal success.

By: Mortgage Originators

July 5th, 2016

Can You Afford to Buy a New Home?

Homebuying and Mortgages

A Bird’s Eye View of Homebuying Expenses If you are in the market for a new home, you are probably asking yourself “can I afford to take on a mortgage and other housing expenses?” There are a lot of expenses associated with purchasing a home. Unless you have saved the full cost of the home, you will have to finance the home, make a down payment and pay closing costs and other fees up front. Then, on an ongoing basis, you will be responsible for mortgage payments, mortgage and homeowners insurance, and taxes. If the house requires some work, you will have other costs to cover.

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By: Mortgage Originators

June 28th, 2016

What You Need to Know before Financing a Rehab Home

Homebuying and Mortgages

What You Need to Know before Financing a Rehab Home Rehab homes are a great choice for someone with the energy and skills to transform a dilapidated structure into comfortable living space. If you’ve got your heart set on buying a fixer-upper, you probably already know that the road ahead will be a little tricky. Whether you’ve taken on the project because you like a challenge, want to make a profit, or didn’t have the money to buy a finished home, understanding and preparing for the challenges you are about to face will reduce your stress and remove hurdles to success over the coming months.

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By: Mortgage Originators

June 22nd, 2016

House Hunting Basics: How to Find a Home that is Easy to Finance

Homebuying and Mortgages

Getting pre-approved for a mortgage is a great first step in buying a home, but it doesn’t ensure you will get the mortgage you want. If your lender’s appraisal indicates that your prospective home is not safe and structurally sound, you may find it difficult to get a fixed-rate mortgage with a reasonable down payment. You may also experience delays in closing as you renegotiate the value or who will conduct/pay for the repairs.

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