Borrow + Buy

Home Equity: Explore the Potential of Your Back Yard

Finding the money to finance aspects of your good life— from smaller needs such as consolidating debt to larger needs such as putting a child through college—can be as close as the house in which you live. At Allegacy, we want to make borrowing as easy and affordable as possible Your home, as one of your largest assets, presents one … Continue reading →
Blog: Equity: Home Equity: 2020 05

Mortgage Credit Approval

Credit approval is an application for financing that helps determine which homes are in your price range; most Realtors require you to have a credit approval letter before they line up homes for you to see. To get credit approved, you provide the same paperwork you would when making a formal loan request. The Mortgage Loan Officer will ask you … Continue reading →
couple relaxing in new home

3 Tips for Refinancing Your Mortgage

Are you aware of the benefits of refinancing your mortgage? Refinancing your mortgage could potentially help you build equity faster, save on interest, or even make use of the equity you already have. If you are evaluating whether or not refinancing is right for you, there are three important questions you should ask yourself. What goal do you want to … Continue reading →
woman at kitchen counter looking at laptop and papers

Are You Due for a Mortgage Check-Up?

Check-ups aren’t just for your annual physical. At Allegacy, we want to help you become financially fit too. Talking with an Allegacy Representative can be beneficial in discovering new ways to save money and achieve your financial goals. Since you bought your home, you may be at a different stage of life or perhaps your needs have changed. There are … Continue reading →
brunette with top knot looking at paint swatches in living room

Is Debt Consolidation Right for You?

At Allegacy Federal Credit Union, we will always do the right thing for your wellbeing. If you have several monthly bills that are all due on different days of the month, consolidating the debt into one loan with a single monthly payment could help you simplify the monthly bill paying process. Consolidation could also save you money by moving multiple … Continue reading →
group shot

It’s Your Equity, Why Not Use It?

Your home plays many roles. Besides being a place to rest your head, it’s an office, a gym and, if you have teenagers, it’s a 24-hour restaurant. Your home can help you save money, too. When you utilize the equity in your home, it becomes a smart borrowing option to help keep you financially fit as you pay for life’s … Continue reading →
It’s Your Equity, Why Not Use It?

New to Home Buying? We Have Tools for You!

You’re ready to commit to buying your first home. Congratulations! Purchasing a home is the biggest single purchase most people make. Choosing the perfect house to make your home is exciting and there are lots of options when it comes to paying for it. North Carolina has a program called NC Home Advantage for first-time and move-up homebuyers in North … Continue reading →
Couple moving into new home