Financial Fitness and Homeownership Resources

Buying, selling and refinancing a home is something most people do only a few times in their lifetime. The housing market and financing world is constantly changing and can feel overwhelming. Your Employee Homeownership Program is here to provide answers and help you save money along the way. Below you can find helpful articles from our team of real estate and financial experts on a variety of topics.

Income Verification in Mortgage Underwriting: What to Expect
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Income Verification in Mortgage Underwriting: What to Expect

Income Verification in Mortgage Underwriting: What to Expect Once you’ve applied for a mortgage, your loan file goes to an […]

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Debt Consolidation with Home Equity: What to Know

Debt Consolidation with Home Equity: What to Know

If you’re carrying high-interest debt, using your home equity to consolidate may seem like an attractive option. This guide from Advantage Home Plus explains how home equity loans and HELOCs work for debt consolidation, the potential benefits of lower interest rates, and the important risks to consider including turning unsecured debt into debt secured by your home. Make an informed decision about whether this strategy aligns with your financial goals.

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Fixed-Rate vs Adjustable-Rate Mortgages: Pros & Cons 
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Fixed-Rate vs Adjustable-Rate Mortgages: Pros & Cons 

Fixed-Rate vs Adjustable-Rate Mortgages: Pros & Cons  When you’re ready to buy a home, one of the first major decisions […]

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When Refinancing Makes Sense (Even If Rates Rise) 
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When Refinancing Makes Sense (Even If Rates Rise) 

When Refinancing Makes Sense (Even If Rates Rise)  Conventional wisdom says you should only refinance your mortgage when interest rates […]

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How Long to Rebuild Credit After Late Payments? 
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How Long to Rebuild Credit After Late Payments? 

How Long to Rebuild Credit After Late Payments? A late payment can feel like a major setback, especially when you’re working toward a […]

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How to Get Home-Ready While You’re Still Renting 
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How to Get Home-Ready While You’re Still Renting 

How to Get Home-Ready While You’re Still Renting  For many, renting feels like a holding pattern as a placeholder until “real” homeownership […]

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How Paying Off Debt Affects Your Credit Score 

How Paying Off Debt Affects Your Credit Score 

How Paying Off Debt Affects Your Credit Score  Paying down debt is almost always a positive financial step. But if you’re planning to apply […]

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How to Buy Your Rental Home from Your Landlord 

How to Buy Your Rental Home from Your Landlord 

How to Buy Your Rental Home from Your Landlord  If you’ve been renting a home you truly love, you may have wondered: “Could I buy […]

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Wealth Generation: Why Homeownership Matters 
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Wealth Generation: Why Homeownership Matters 

Wealth Generation: Why Homeownership Matters  The decision to rent or buy a home is often framed around monthly costs and […]

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