A Guide to PMI for Springtime Homebuyers

If you’ve heard of private mortgage insurance (PMI), you’ve likely seen some conflicting opinions about it. One position is that PMI should be avoided at all costs. Another is that PMI isn’t a big deal, especially when a down payment of at least 20% is required to avoid it.

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Renting vs. Owning a Home in Retirement

Between 2006 and 2016, the portion of renters in their 60s increased by a whopping 84%.1 If you’re a retiree that currently owns a home, you may be considering selling it and moving into a rental property. 

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HELOC 101: Your Introduction to the Draw Period

The draw period is a critical phase in a Home Equity Line of Credit (HELOC), representing the time during which borrowers can access funds from their credit line. 

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3 Extraordinary Benefits of Homeownership

GECU Voices brings you guidance and insight from experts within the Credit Union. Today’s blog post was penned by Aaron Williams, Mortgage Loan Originator. 
 

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