Purchasing a home is a big step. Buying a home signals an end to renting and the beginning of a person investing in their future. However, when buying a home, there can be costs and fees involved that really add up.
A Money-Saving Resource for A Home Purchase
How can a person save money when purchasing a home in Washington? The answer is to buy a home through WECU. Whatcom Educational Credit Union has been helping people purchase homes for over eighty years. Throughout this time, this financial cooperative has saved customers money they can use towards their home mortgage payments.
First Time Home Buyers
Those who have never owned a home before are considered first-time homebuyers. People who fall into this special category may have special loans, grants, and programs available to them that are not available for those who own a home or have owned a home previously. Visit https://www.wecu.com/contact-us/ for contact information for a great credit union with over half a century of experience helping people purchase homes.
Buy a Home During Non-Peak Times
Those buying a home can save money by purchasing a home in times considered to be “off-peak” for home buying. Home sales slump over holidays, in January, and over long weekends. A potential homebuyer can score a better deal on a home by making an offer during these non-popular home buying periods. Make sure to start at https://www.wecu.com/ and get pre-approved for the home loan.
If the home’s purchase price is low, this can save the homebuyer money over the life of the loan. When taking out a home mortgage, a person pays interest on the amount of the mortgage. The lower the home’s buying price, the less interest a person will pay over the life of the loan. The team at Whatcom Educational Credit Union is ready and available to help first-time homebuyers, as well as experienced buyers, understand the ins and outs of credit, interest, and the fees associated with purchasing a home or a piece of property.
Saving Money is Always Smart
In conclusion, saving money is always a smart idea. The more money a person saves on their home purchase, the more money they have for repairs, home improvements, furnishings, and other things. To get the biggest bang for that dollar, speak with a lending professional.
The Whatcom Educational Credit Union home buying specialists can go over the many types of home loans available, as well as the benefits of each. They can explain interest and fees and make suggestions on how a homebuyer may save money throughout the process. Being educated on the process is a great way for a new homebuyer to know they are making smart money decisions and paying the lowest price possible on their home mortgage costs.
WECU is a not-for-profit financial cooperative that has been serving those in Washington since 1936. With WECU, convenience comes first, which is why there are eleven branch locations for customers to visit throughout Whatcom County. In 2020, WECU received the award for Bellingham Alive’s Best of the Northwest Readers Poll for the sixth year in a row.