Category: Home Mortgage
Buying vs. Renting a Home in 2026: A Smart Plan for Homeownership
June is National Homeownership Month, a good time to think about one of the biggest financial decisions many people face: buying vs. renting. Should you keep renting for now, or is it time to start planning for a home of your own? There is no one right answer for everyone. Renting can make sense if you want flexibility, plan to ...
Continue Reading
Mortgage Refinance vs. Home Equity Loan: Which Is Right for You?
If you are a homeowner weighing your options to access cash or lower your monthly payment, two paths come up most often: a Mortgage Refinance and a Fixed Rate Home Equity Loan. Both let you tap into the value you have built in your home. Both can save you money or give you access to funds. But they work differently, ...
Continue Reading
People Driven Credit Union Earns National Recognition for Best Mortgage Loan Experience
People Driven Credit Union has been named a 2026 MemberXP Best of the Best Award winner for Best Mortgage Loan Experience. This national recognition places PDCU among the top-performing credit unions in the country for member experience in mortgage lending. What Is the MemberXP Best of the Best Award? The MemberXP Best of the Best Awards are presented by CUSG ...
Continue Reading
USDA Loans: The Hidden Options for Rural Homebuyers
A mortgage loan is the largest expenditure in the vast majority of budgets, so it is no secret that many people could use a bit of a boost to help lighten the burden. The United States Department of Agriculture (USDA) wants to help. If you are looking to buy a home in a rural area, you might be eligible for ...
Continue Reading
How Long Does It Take to Close on a House in 2026?
How long to close on a house? The typical mortgage closing timeline is 30 to 45 days. That is the national average for conventional fixed-rate and adjustable-rate mortgages. But that number can shift significantly depending on how you are financing the purchase, the property’s condition, and the market conditions when you are buying. Here is a clear breakdown of what ...
Continue Reading
How a Bridge Loan Works
A bridge loan lets you use the equity in your current home to fund the down payment on your next one—so you can buy first, sell second, and move once. Buy Before You Sell: How a Bridge Loan Works (Without the Headache) At People Driven Credit Union, this program is a fixed-rate balloon loan with a 6-month term; monthly payments ...
Continue Reading
Bridge Loans vs. 80-10-10 Piggyback
Bridge Loans vs. 80-10-10 Piggyback. Both help you buy a home, but they solve different problems. A bridge loan tackles timing (buy before you sell). An 80-10-10 tackles structure (keep the first mortgage at 80% to avoid PMI). Different Tools, Different Jobs Choose based on the job you need done—not the latest internet advice. Objectives: Bridge Loans vs. 80-10-10 Piggyback, ...
Continue Reading
The Golden Time to Buy: Free Virtual Homebuying Class
If you’ve been thinking about buying a home but keep wondering, “Is now really the right time?” Here’s some good news: Fall and early winter are often the golden time for homebuyers. Fewer buyers, motivated sellers, and year-end timing can all work in your favor if you know how to use them. The Golden Time to Buy: Free Virtual Homebuying ...
Continue Reading
Autumn Home Maintenance Tips to Protect Your Investment
Fall is the sweet spot for home maintenance in Michigan, cool enough to work, early enough to beat winter. A few weekend projects now can help prevent leaks, drafts, and surprise repairs later. Use this checklist to protect your most significant investment and keep energy costs in check. Home Maintenance Tips: 1) Clear Gutters & Downspouts Remove leaves and debris, ...
Continue Reading
Flexible Mortgage Financing for Medical Professionals
Not every doctor wants to stay in the same home, or even the same state, for 30 years. That’s where the Doctors Advantage 7/1 ARM Flexible Mortgage Financing from People Driven Credit Union shines. Designed for medical professionals, this loan offers competitive rates, no PMI, and the flexibility to move, refinance, or upgrade in a few years without overpaying in the ...
Continue Reading
