Continue reading Types Of Mortgage Loans

Types Of Mortgage Loans

August 16, 2019 Arbor Financial Credit Union
When you’re ready to buy a home, you don’t want to let the perfect house get away because you haven’t familiarized yourself with financing options.

In fact, identifying the right type of mortgage loan before you start house hunting is an important step in making the most well-informed decision.

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Continue reading 5 Summer Spending Mistakes That Can Break the Bank – And How to Fix  Them
Summer is a time for family fun and outdoor activities, but also one of increased spending. According to consumer credit reporting agency Experian, consumers surveyed spent an average of $2,275 per person on vacations in 2016, with $1,308 of that amount on credit card spending. Fortunately, there’s a way to maximize summer fun while minimizing stress on your wallet. Read on to learn five common summer spending mistakes and how to avoid them.

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Continue reading 4 Tips To Increase Your Credit Score
Increasing your credit score isn’t exactly top of mind for most people until it is time to get a loan. People with good credit are more likely to get the loan they need and will obtain lower interest rates, which ultimately means saving money. If you are wanting to increase your credit score, then incorporate the tips below to help maximize your score.

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Continue reading 5 Ways to Tidy Up Your Personal Finances This Spring
When it comes to Spring cleaning, it’s time to start thinking outside the box. This spirit of renewal applies to more than just your closet! Spring is an ideal time to dust off your finances and tidy up your budget. Maybe your tax returns have motivated you to increase your emergency savings for the year ahead, or perhaps you need a refresher on the New Year’s resolution you made to improve your credit score? Whatever your situation, now is the perfect time to get your financial house in order. These four strategies can help you get your personal finances in check and maintain a strong foundation for the rest of the year.

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Continue reading Construction Loans: Can You Use Land as a Down Payment?
Getting a new construction loan to build your dream house is exciting! You may already have ideas of what you want while you scour the internet for the perfect floorplan. You’ve watched enough HGTV you feel like a designing pro. You’ve even acquired the plot of land on which this palace will sit. So now what?
You’ll be in need of a construction loan. One of the most common questions we get from people building a new home is whether or not they can use their land as a down payment on their construction loan.

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