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Life Guidance: Home Purchase

Open the door to homeownership with expert guidance.
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Start planning today for your future home.

Buying a home is one of the largest purchases you can make. It’s exciting, but can be overwhelming. To make sure you’re financially ready for homeownership, it’s important to take a close look at your savings and earnings to find out what you can comfortably afford and how much you want to borrow. A Wings Financial Loan Officer can work with you to review your financial situation, discuss mortgage options and educate you on the ins and outs of a home purchase.

Fixed? Adjustable? How to choose the right mortgage.

If you’re in the market for a new home, you’ll likely use a home loan, or mortgage, to finance the purchase. The two most common types of mortgages are fixed rate and adjustable rate. The right mortgage for you will depend on how long you plan to stay in your home, your payback preferences and your unique financial situation.

  • What is a fixed-rate mortgage? Fixed-rate mortgages have a set interest rate for the life of the loan. They offer predictable payments, and are ideal if you’re staying in your home for several years.
  • What Is an adjustable-rate mortgage? Adjustable-rate mortgages (ARMs) offer lower rates than a standard fixed-rate mortgage, with a fixed rate for the first 5, 7, or 10 years. After that, the rate may adjust annually. If you are a first-time homebuyer or do not plan on staying in your home for more than 10 years, an ARM loan may be right for you.
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Buying a Home with Wings

Hear how our members Adam and Rachel prepared for first-time homeownership with advice from Wings.

Understanding Escrow Accounts

An escrow account is a common feature of a mortgage loan. An escrow account makes it easier to pay necessary expenses on your property – like taxes and insurance – by incorporating them into your monthly mortgage payment, rather than paying them in lump sums.

Learn about Escrow

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Educating you on the homebuying process.

Buying a house can seem daunting, whether you’re a first-time buyer or looking for your next home. Wings Financial’s Home Buying and Home Selling Seminars offer expert tips and guidance from real estate professionals, Loan Officers and property experts.

Register for a Seminar