Money Minutes | General Electric Credit Union Blog | Financial Resources

11 Things to Know as a First-Time Homebuyer

Aug 21, 2019 | 6 minute read

Purchasing a home is one of the biggest financial investments you’ll make in your life! With such a big decision at hand, it’s important to understand the home buying process and potential...


Everything You Need to Know About Home Equity Lines of Credit

Aug 7, 2019 | 6 minute read

Among the various perks that come with being a homeowner, one is watching your home’s equity rise while your mortgage loan amount decreases. With this built up equity, you can take advantage of...


The Home Buying Process from Start to Finish

Jun 11, 2019 | 6 minute read

Buying a home is a big deal and it’s a major milestone for many. Understandably, it can feel overwhelming, stressful, and scary - but it doesn’t have to be! With some research and this...


Fixed vs. Adjustable Rate Mortgages

Aug 7, 2018 | 5 minute read

Like homes themselves, mortgages come in many sizes and types, and one of the most important decisions you face as you consider your choices is whether to take out a fixed or an adjustable rate...


Is a Home Equity Loan or Line of Credit Right for Me?

Mar 30, 2018 | 4 minute read

We’ve all faced situations in life when having access to money or a line of credit would be extremely helpful. Whether you're handling an unexpected "cash crunch" (e.g., car repairs, medical...


3 Reasons to Refinance Your Home

Feb 12, 2018 | 3 minute read

Refinancing your mortgage essentially means paying off your existing loan and replacing it with a new one. Refinancing can mean a lower rate, a shorter loan term, or even the opportunity to tap...


A Guide to Getting Your First Mortgage

Oct 17, 2017 | 3 minute read

Buying your first home can be equal parts exciting and stressful. With so many details to consider and so many to-do list items to take care of during the home buying process, it can be easy for...


5 Tips for First-Time Homebuyers

Aug 15, 2017 | 3 minute read

Buying your first home is a huge undertaking, and there are dozens of details and to-dos to take care of during the process. Below are some handy tips to keep in mind to help your first home...


3 Tips for Using Home Equity the Right Way

Aug 15, 2017 | 2 minute read

Your home’s equity is a useful benefit to take advantage of if you’re in need of a large amount of money for a project, purchase, or consolidating your finances. A home equity loan or line of...