Financial Education

Should you buy or rent a home? The answer often depends on your finances and plans. What’s the best way to spend your money? How long are you planning to stay in your home? Are you changing jobs or possibly moving? Below are a few factors to consider when deciding if you should rent or own. Perks of Home Ownership: Your payments build equity. You may enjoy tax benefits. You build credit. Overall, most home values increase over time, which...

Buying a home is one of the biggest financial decisions that most people will make. While it is possible to pay for a home outright, many people opt to finance their purchase with a loan. There are many different types of loans available, so it will pay to work closely with a mortgage professional to see which option is best for you. Here are a few of the most common options available today: One set of choices includes conventional vs. government-insured loans. Conventional loans...