You should consider Homeownership

If you are renting and you feel like the walls are closing in on you, you might be right. New apartments hitting the rental market in 2016 are eight percent smaller than they were 10 years ago. Meanwhile, rents for all apartments on the market have risen seven percent in the last five years.

This year the average square footage of all new apartments including studios, one- and two-bedroom apartments was 934 square feet. Just a decade ago, the new units coming online offered an average of 1,015 square feet.

Owning a home may be right at your fingertips. Homeownership is the best way to build net worth and position yourself for future retirement. Home prices continue to rise and mortgage rates are staying low. If you have been considering taking action, Travis has the tools to help you navigate the home buying process.

Travis Credit Union has partnered with CU Realty to bring you the HomeAdvantage program which you can find at https://travis.mycuhomeadvantage.com. This free program allows you to quickly register and have full access to search the Multiple Listing Service (MLS) for homes, see our preferred realtors and research the process of buying or selling.

The benefits of using a preferred realtor and financing with Travis include a rebate of 20% on realtor commission —an average of $1,500. Our realtor partners are experienced and well known in their markets. They work with us to make your experience a positive one and share our philosophy of providing superior member service. They know how to write a contract that can get your offer noticed in a highly competitive market.

Travis Credit Union offers a variety of loan programs to assist you including: conforming, Jumbo, FHA and VA loans. We offer fixed and adjustable products. We also offer no points no fee purchase loans to help reduce funds needed to close.

Lastly, as you can see, Travis is fully equipped to assist you with searching homes, working with a realtor and getting pre-qualified for a mortgage. Stop by a branch, apply online at www.traviscu.org/real-estate or call us toll free (888) 698-0000 to get started.

We look forward to helping you reach your dream of home ownership.

 


Real Estate Loans Back to Smart Money Matters

Tanya Robinson, AVP Real Estate

Tanya Robinson, AVP Real Estate Lending