If you're still renting and have been for years, now might be the time to reconsider. Today's low interest rates could put your house payment on par with that rent check and you'll find you get much more in return.

Using current rates, it wouldn't be unusual for a mortgage payment to be just $50 to $100 more than rent. It's a relatively small increase that could be used to build equity in a home.

Houses generally appreciate in value over time – a major financial advantage over renting. Sure, home improvements and maintenance might be added to your day-to-day, but purchasing a house produces benefits like tax-deductible interest payments on your mortgage.

It's no wonder we've seen so many more late 20- and 30-somethings looking to start out in a home instead of a rental over the past few years.

If 30 years seems too long, the 15-year fixed mortgage has also been trending. It's a great option for homebuyers at any stage of life considering you can save tens of thousands of dollars in interest versus the 30-year fixed rate.

Obviously, there are lots of possibilities to consider, so visit your neighborhood office for options and advice to get started toward a great investment.

Mortgages Articles

Visions Donates $100,000 to Habitat for Humanity

"The Big Give" 2021 Endwell, NY – Visions Federal Credit Union today announced a gift of $100,000 to ten Habitat for Humanity chapters in New Jersey, New York, and Pennsylvania. Each chapter will receive $10,000 as part of “The Big Give.” Giving back is a core part of Visions'…

Making Sense of Mortgages

Making Sense of Mortgages Closing costs, PMI, ARM, escrow…figuring out what makes up your mortgage can be complicated. With so many factors to consider, how do you make sense of it all? Well, you can start by breaking down some of the most common terms and considerations you'll…

When Should You Consider an Adjustable Rate Mortgage?

When Should You Consider an Adjustable Rate Mortgage? Looking for a lower-interest alternative to the traditional 15- or 30-year fixed rate mortgage? Consider an adjustable rate mortgage, like the popular 5/5 ARM, for any number of needs or situations. What's a 5/5 ARM? Well, th…

Referral Program

Get rewarded for sharing Visions with your friends and family.

Get $25 when they open an account!

Refer Now

Visions Federal Credit Union

Log in here with your Online Banking ID:



Online Enrollment

Forgot Password

Forgot User ID/Unlock Account

You are leaving the Visions Federal Credit Union web site. The privacy and security policies of the external link may differ from Visions Federal Credit Union. Visions Federal Credit Union does not own or control external links and is not responsible for the availability or accuracy of their content.

Continue