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TCU articles & resources

Ready to Use Home Equity? Answer These Questions First

Topics: Home Buying & Selling

Before you commit to a home equity line of credit or loan, you’ll likely have a discussion with a lender to help you sort through some of the nuances in the tools. Prepare yourself for the conversation by thinking through the questions below.

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What Does Debt to Income (DTI) Really Mean?

Topics: Debt & Debt Consolidation, Home Buying & Selling

When lenders sit down to review a loan application, there’s one main question they ask: Is the borrower trust worthy enough to lend to? Many factors influence the lending decision, including your credit score, terms of the loan, employment history, collateral, and, your debt-to-income ratio (DTI).

Your DTI is a percentage calculated by dividing your monthly gross income with your monthly debt payments. Follow the steps below to discover your own DTI.

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Understanding Your Credit Report

Topics: Home Buying & Selling, Build Your Credit

When it comes to taking out a loan, every lender will review many financial elements to determine if you’re a qualified or risky candidate to lend to. Most importantly, every lender will review your credit score. Most of us know it’s important to “have good credit.” But what does that really mean? Below, we break down the important components that make up your credit report.

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10 Things to Consider Before Buying or Refinancing a Home

Topics: Home Buying & Selling

When it comes to taking out or refinancing a mortgage, there’s a lot to consider. Review this list of 10 tips to make sure your loan process will go smoothly.

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Which Home Loan Is Right For You?

Topics: Home Buying & Selling

Deciding to buy a home is one choice that's followed by many others – including picking the mortgage that's right for you. There are several types of loans, each designed for a particular purpose. 

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Understanding Your Mortgage

Topics: Home Buying & Selling

Buying a home can be a game of numbers. How many bedrooms and baths? Three-car garage? Investing in a duplex? A common question asked at parties is, "What interest rate did you get on your house?" It's an easy figure to toss around, but it doesn't tell the full story – and every home buyer's story is different.

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Welcome to the Thrivent Credit Union resource section. Discover educational articles about topics that impact your financial journey. From buying and selling your home to online security to basic money management, we're here to serve you!

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