Steps to Prep for a Mortgage | Blogs & Articles

Should I buy or rent?

There are several factors that go into deciding whether renting or buying is the right choice for you. There is no one right or wrong choice, it all depends on your finances, lifestyle, and how long you plan to stay.

Rent

Pros

Less upfront cost
More flexibility if you may move
Fewer maintenance responsibilities
No need to worry about selling the property

Cons

Monthly payments don't build home equity
Rent costs may increase over time
Less control over the property
No benefit from increases in home value

Buying:

Pros

Build equity over time
Potential for the home to appreciate in value
More predictable housing costs
Opportunity to make the space your own

Cons

Larger upfront costs
Higher maintenance cost
Less flexibility if you need to move
Property taxes, insurance and other costs

Which Home Loan Is Right for Me?

There are many different types of home loans, which can make deciding which to choose overwhelming. Every loan option features different interest rate structures and repayment terms, it’s all about choosing what fits your needs. Our real estate specialists and mortgage originators are NMLS registered and are here to be your trusted advisors throughout the loan process.

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How Do I Choose a Lender?

Finding experts to help you buy with confidence - Whether you are a first-time homebuyer or a seasoned homeowner, finding someone to help guide you through the lending process can make purchasing a home much less intimidating. Our team of real estate professionals are ready to help you through whatever homebuying journey you are starting.
Apply on your timeline - As your hometown lender, we're proud to offer you convenient, in-person, and online application options. Either way you choose to apply, you'll receive quick decisions on your loan and expert advice when you need it.
Financing to fit your budget and needs – Each homebuying story comes with unique needs. From Down Payment Assistance and Piggyback HELOC to our Hometown Heroes Program and VA Loans, we’re proud to offer solutions focused on bringing you one step closer to home ownership.
Borrow where you bank - Choosing to borrow where you bank means you can see all your accounts in one place. Mobile and Online Banking provides you with a snapshot of each account you own. It also lets you set up automatic payments from your checking or savings account to your loan with ease.

What to Consider Before Applying

☐ What monthly payment can I comfortably afford?
☐ How much do I have available for a down payment and closing costs?
☐ How long do I plan to stay in the home?
☐ Have I reviewed my credit and finances?
☐ Have I considered property taxes and insurance?
☐ Have I talked with a lender about my options?
☐ Do I have money set aside for unexpected repairs?

The Homebuying Process

Having the right documentation can make the process of buying a home much easier. Your loan officer will require financial documentation throughout the loan approval process. Our Home Buying Document Checklist can help make sure you are prepared. The best way to stay organized is to mark off the documents as you submit them to make sure you stay on track during your home buying process.

DOWNLOAD CHECKLIST

Meet with a Loan Expert

Whether you're looking for your first home or next house purchase, let our loan experts secure the lending options you need to get into your dream home!

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Thinking About Buying a Home? Start Here.