Decisions, decisions… is it the right time for me to buy a home? | Fox Communities Credit Union skip mobile nav
Twitter LinkedIn Facebook
skip social channels
skip header skip main navigation skip dropdowns
Decisions, decisions… is it the right time for me to buy a home?

Blog

Decisions, decisions… is it the right time for me to buy a home?

Posted on by Fox Communities

decisions-decisionsAre all of your friends taking the plunge and buying their first homes? Are they telling you you’re missing out if you don’t buy a home of your own, too?

Purchasing your first home should come only after careful consideration of what’s going on in your life. It’s not a “one-size-fits-all” type of decision. Do yourself a favor and consider the following before jumping into the homeownership arena.

How’s life?

Are you working for a stable company? Is your position secure? Are you in a relationship with a person who lives out-of-state, or with someone who may want to relocate in the near future? Might you need to move soon to help elderly parents living in another area? Unexpectedly having to sell your home within a short amount of time after buying, could prove to be a costly undertaking.

How do you feel about home projects?

Are you ready for yard-work, painting, shoveling, washing windows, and all of the other maintenance projects that come along with homeownership? Are you an accomplished “do-it-yourselfer” or will you be hiring out most projects? Keep these types of projects in mind as you’re preparing to make the homeownership decision.

How are your finances?

Capture-transferDo you have a substantial nest egg? Do you automatically save money from your paychecks each month? If not, and you’re already using Fox’s online banking, log in now and set up automatic payments into a special savings account. Click on Pay & Transfer and then Transfer Money. You can choose monthly, bi-weekly, or weekly transfers to your special savings account. You can even name your new account anything you’d like. (If you aren’t already signed up for online banking, stop in at any branch and one of our friendly Member Service Reps will be happy to get you started.)

If money is deposited automatically, you won’t see the money, and you won’t miss it. Owning a home comes with a lot of new financial responsibilities. When the water softener stops working, you’ll no longer have a landlord to call to come in and fix it…or pay for it. You’ll be glad you’ve developed the automatic savings habit. It’ll help you through those unexpected times.

These are only a few of the things to consider before buying a home. Continue reading, researching, and learning more! With some careful planning, it can be a very exciting time in your life!


Are you thinking about purchasing a home? Fill out the form below to talk to one of our mortgage experts.

Leave a Comment

Attention

You are about to leave Fox Communities Credit Union's Website

Any external site listed here is not under the control of Fox Communities Credit Union, and The Credit Union makes no representation concerning the content of this site, nor does a link serve as an endorsement by Fox Communities Credit Union of any site. Fox Communities CU does not represent either the third party or the member if the two enter into a transaction.

Please note that when you exit our site, our Privacy Policy is no longer in effect. Privacy and security policies may differ from those practiced by the Credit Union.

Thank you for visiting. Please return when you need information about Fox Communities CU's products and services.

CONTINUE

Attention

You are about to leave Fox Communities Credit Union's website. Any external site listed here is not under the control of Fox Communities Credit Union. Thank you for visiting. Please return when you need information about Fox Communities CU's products and services.

CONTINUE