Educators Credit Union remains open through the “Safer At Home” declaration. The lobbies are temporarily closed, but YOUR TRANSACTIONS CAN BE DONE FROM HOME OR AT A DRIVE-UP.

If you need a new debit or credit card, please call us at 262.886.5900 to order one before going to the branch.

Our blog details all the ways you manage your account during this time.

Ready to be a Homeowner?

Buying a home, especially your first home, is a big decision and it can take a lot of work. But it can be easier if you’re prepared and know what you need to do.

Here are seven steps to help you buy a home:

Get your finances in order: Buying a home is an expensive proposition. And it can be more expensive if you don’t know what’s on your credit report. Our “What’s Your Score?”:/resources/CreditTool tool helps you understand your credit report and score and learn how to improve or maintain your score, which can mean big savings when buying a home. Other financial issues to consider include saving money for a down payment, the size of your emergency fund, factoring in other household expenses and learning about the mortgage industry.

Get pre-approved for a mortgage: It may seem a little out of order to apply for a mortgage before you shop for a home, but being pre-approved for a mortgage helps you know how much home you can afford and gives you an advantage when you make an offer on a home.

Decide what you need/want in a home: Single-family or condo? Existing home or new construction? Two, three or more bedrooms and how many bathrooms? And, of course, location.

Shop for a house and make an offer: A real estate agent can find you homes to visit, and you probably will find more than a few homes online that you want to see. Visit them, take notes and make comparisons. Once you’ve found a house that feels like it could be your home, your agent can help you write up an offer.

Inspection: Getting a home inspection is a critical step. The inspector assesses the structural condition of the property, including the foundation, roof, basement, electrical, plumbing and heating and cooling systems.

Close: To be ready for closing, you’ll need title insurance, homeowner’s insurance on the new house and finalize the mortgage you were pre approved for in Step 2. Then do a final walkthrough just before closing, sign the papers and you’re ready for the big final step.

Move in: And make it your home.

Leave a Reply

Your email address will not be published. Required fields are marked *