Eagle Community Blog

Buying a home is a long and complicated process, and scammers want to complicate things even more to capitalize on the confusion. Mortgage scams are growing increasingly prevalent and can be difficult to detect. Here’s what you need to know about these scams and how to prevent yourself from becoming a victim.

In today’s sizzling housing market, purchasing a manufactured or mobile home can be a great way to find an affordable place to call home. However, you’ll likely need a way to fund this sizable purchase. Although smaller than a typical home loan, a loan for covering a manufactured or mobile home is a big deal, so you’ll want to choose your lender carefully.

A credit union can be a great way to cover the cost of one of these homes.

You’ve got mail! But beware, because this particular missive telling you that you’ve been preapproved for a large loan – maybe even a mortgage – may not be as it seems! The exciting news may be accompanied by a check that’s made out to you and even for the full loan amount! It’s a dream come true. Until, of course, it all turns into a living nightmare. 

Here’s what you need to know about preapproval scams and how to stay safe.

The housing market always goes through its ups and downs. During the pandemic, homeowners and homebuyers alike were able to benefit from record-low interest rates. Now, as inflation continues to soar and the Federal Reserve raises rates to offset the climb, the market is cooling down.

The combination of higher home prices and rising interest rates are forcing many would-be homebuyers out of the market. While conventional fixed-rate mortgages reign king during periods of low rates, other home loan options shine in uncertain markets. One of these loans is an adjustable-rate mortgage or ARM.

With the ability to lock in lower introductory rates, ARMs are making a comeback. Is an adjustable-rate mortgage the right solution for you?

You’ll often hear homeowners talking about tapping into their home’s equity to solve a variety of financial challenges. But what exactly is home equity? And if you do tap into your home’s equity, how can you use those funds?

There are several ways to access your home’s equity, including a Home Equity Loan and a Home Equity Line of Credit (HELOC). Both options are similar, but each has its own pros and cons.

While it appears to be a seller’s market, and the perfect time to put your home up for sale, there are many variables to consider before going forward. Below, we’ve outlined important points to know about today’s market so you can make an informed decision about selling your home in 2021.

While there are a few important choices to make during the home-buying process, one of the very first decisions you'll need to make is whether you’ll buy an existing home or build a new one. Building a new home can be exciting and offers many advantages, but it also has drawbacks when compared to purchasing an existing home.