The Mortgage Tip of the Week is brought to you by

Northern Credit Union

Mortgages are a significant financial commitment and understanding various aspects of the mortgage process can help buyers make informed decisions! The Mortgage Tip of The Week is concise, informative, and provides new tips or insights each week into different aspects of mortgages leading to better financial choices!

This Mortgage Tip is brought to you by the Jefferson Lewis Board of REALTORS® and Northern Credit Union. Deciding to buy a home is a life changing step. Homes provide roots, stability, and a way to help control your own destiny. Hi, I am Lance Evans from the Jefferson-Lewis Board of REALTORS®. Buying a home is both an exciting and challenging venture—it is the quintessential American dream. However, because of the high costs involved, saving for a home purchase takes commitment, research, and sometimes sacrifice. There are several expenditures you need to plan for before you start looking at properties. The first is the down payment. It used to be that buyers needed 20% of the purchase price to get a loan. However, there are now different loans that you may qualify for that require a lot less. Talking to a mortgage professional will help you clarify your situation. More information next time to help you Dream It, Live It, Own It in Northern New York. This Mortgage Tip is brought to you by Northern Credit Union. If you are building, buying or refinancing, we offer meet or beat rates, guaranteed!