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A young couple talking with a lender about how to shop for a mortgage loan.

How to Shop for a Mortgage

access_time Posted on: January 24th, 2023

For many people, the hardest part of the home-buying process isn’t finding the perfect home. It’s the process of knowing how to shop for a mortgage. If you’re unsure where to start or have no idea how to get one, we’re here to help!  Our homebuyer’s guide will take you through every step so you’ll know exactly what to expect from the moment you start house-hunting through closing day. Prepare First During the application process, our Mortgage Lending Team will review your financial history. Get a head start by eliminating as much debt as you can before you apply. Plan to pay off any loans of high amounts such as… read more »

A young couple varnishes their dining room floor as a way to build their home equity with home improvements.

Home Improvements for Building Equity in Harrisburg, PA

access_time Posted on: January 24th, 2023

Locals know there’s nothing minor league about our state capital, Harrisburg. Known as a “small city with a big city feel,” Harrisburg remains a magnet for singles, young families, and retired couples—keeping the local property market hot even as prices cool elsewhere. That long-term value is great news for local homeowners. Continuously strong real estate prices mean you can swing big on home improvements, knowing every dollar you spend on upgrades will be well worth it. Let’s look at how to build equity in your home by making smart choices about home improvements. Choosing Home Improvements That Build Equity Even if you’re not considering selling anytime soon, home improvements and… read more »

A happy woman sees she got a great rate on her HELOC.

How To Get the Best HELOC Rate

access_time Posted on: October 31st, 2022

Are you considering getting a home equity line of credit, HELOC? If so, keep reading because we’re sharing some tips on how you can unlock the equity in your home at a low rate.  Whether you’re making home improvements, financing a life event, or consolidating debt, you want to secure the lowest interest rate possible to help you save on the amount you borrow. Here’s how to get the best HELOC rate.  Keep Up Your Credit Score As with any time you borrow money, your credit score will significantly impact your ability to qualify and the rate that lenders offer. You can use your HELOC funds for just about anything,… read more »

A couple discusses home improvements they could make with a home equity loan.

Home Equity Loans – What Are They and How To Qualify?

access_time Posted on: October 31st, 2022

Most of us know there are many advantages associated with being a homeowner, including the ability to access the equity in your home through a home equity loan. Of course, being a homeowner doesn’t automatically qualify you for this type of loan. You must have a certain percentage of equity, plus the income and credit to support the loan. This article will walk you through what a home equity loan is, discuss the pros and cons, and outline what you may need to qualify for a home equity loan. What Is a Home Equity Loan? A home equity loan is a loan you take out against the equity in your… read more »

a couple works together to build home equity in their home by adding fresh coats of paint to the walls

Home Improvements for Building Equity in Lancaster, PA

access_time Posted on: October 4th, 2022

Central Pennsylvania’s property market continues to run red hot, which means it’s a great time to be a homeowner here in Lancaster. Even if you aren’t ready to sell just yet, strong housing prices mean every dollar spent on your home goes a little bit further. Here’s how to build equity in your home by making some smart choices about home improvements. How to Build Home Equity With Home Improvements Home improvements are a great way to get more out of your biggest investment — your house. With property prices still on the rise throughout Lancaster County, money spent on improvements that your family can enjoy today will be worth… read more »

A female college student reacts excitedly when reading about student loan forgiveness on her cell phone.

Here’s How to Take Advantage of the Student Loan Forgiveness Program

access_time Posted on: September 28th, 2022

The average undergraduate student now graduates with nearly $25,000 in debt. Under an unprecedented student loan forgiveness plan announced by the White House, millions of Americans could have all or some of their outstanding student loan debt to the federal government erased. Let’s take a look at how student loan forgiveness could affect your school loans and some smart ways that you could use the extra money in your pocket if all or part of your federal loans are forgiven. What Is Student Loan Forgiveness 2022? The student debt relief plan announced by President Joe Biden aims to ease the burden of the almost $1.6 trillion in federal student loan… read more »

A family of four sitting on the front steps of a house they have a good amount of home equity in.

The Housing Market & Your Home Equity

access_time Posted on: September 16th, 2022

Home prices are rising across the U.S. along with interest rates and the cost of living. But it’s not all bad news. When the market value of your home increases, the amount of home equity you have goes up with it.  You can then use your home equity to fund improvements (or anything else!), which will increase the value of your home even more. Read on to find out everything you need to know about the current housing market and how it impacts your home equity. What Is Home Equity? Home equity is the difference between what your home is currently worth and what you owe on your mortgage. Here’s… read more »

A young couple filling out paperwork in order to qualify for a mortgage.

Qualifying for a Mortgage: What You Need to Know

access_time Posted on: August 8th, 2022

Qualifying for a mortgage is a big step on the way to becoming a homeowner. Here’s what you need to know about credit checks, pre-qualification, income verification, and down payments. How to Qualify for a Mortgage Qualifying for a mortgage means you are firmly on the road to becoming a homeowner, but getting there can be a nerve-wracking process! Let’s take a look at what goes into a typical mortgage approval process and answer some of the questions you may have. What Do You Need to Qualify for a Mortgage? To qualify for a mortgage you’ll need to demonstrate to your bank or credit union that you’re willing and able… read more »

Can I Refinance My Home Equity Loan?

access_time Posted on: July 22nd, 2022

Can I refinance my home equity loan? Many homeowners wonder if refinancing an existing home equity loan or line of credit is a good idea. Let’s look at why you might want to refinance your existing loan and how to go about doing it. Double Dip: Can I Refinance My Home Equity Loan? Your home is your most valuable investment and many property owners leverage that value with a home loan or line of credit. Changes in the property market and your personal financial situation might have you wondering if it is possible—and smart—to refinance your existing loan. Why Refinance? While there’s theoretically no limit to the number of times… read more »

A family looks at their beautiful home after learning how to pay off a mortgage early.

How to Pay Off a Mortgage Early

access_time Posted on: July 14th, 2022

Paying off your mortgage early comes with a variety of benefits like eliminating debt, saving money on interest payments, and increasing your cash flow! Your mortgage payment is likely to be your highest monthly payment amount.  Keep reading below where we cover some tips and strategies for early payoff. Take these into consideration to help you achieve your goal of paying off your mortgage early. Benefits of Paying Off Your Mortgage Early The sooner that you pay off your mortgage, the less interest you’ll have to pay on the loan. This can save you thousands of dollars over the course of your loan regardless of your chosen term!  Using your… read more »