Mortgage Resource Videos

Whether you’re a first-time homebuyer or looking for an upgrade, the homebuying process can be both exciting and intimidating. Centra Credit Union’s team of experienced mortgage loan consultants is happy to help you through the process. Below are some tips and tricks that we’ve pulled together into a mortgage resource video series. If you’re considering applying for a mortgage or have some questions, feel free to reach out to one of our experts today.

What to Expect When Purchasing Your First Home

We frequently hear Members ask, “What should I expect as a first-time homebuyer?” It’s a great question and one that Centra mortgage loan consultant Leah Ott is happy to answer. This video provides some guidance on what’s important to know if you’re a first-time homebuyer who’s considering applying for a mortgage.

Renting vs. Buying a Home

Are you thinking about renting your next residence? Renting can be a good option, but you might be better off exploring homebuying options first. This first-hand account from Centra Credit Union mortgage loan consultant Lisa Brown is a great personal story for anyone who’s on the fence between renting or buying a home.

Getting Pre-Qualified as a First-Time Homebuyer

As a first-time homebuyer, it’s always a great idea to get your pre-qualification letter before you get your heart set on a specific home. Lora Cochran, who’s an experienced mortgage loan consultant at Centra Credit Union, offers some guidance in this video for first-time homebuyers who are beginning their homebuying journey.

Purchasing a Home When Interest Rates are Higher

When mortgage rates are higher, it can be intimidating for someone looking to buy a home. One option to consider is an adjustable-rate mortgage or ARM. Lisa Brown is a mortgage loan consultant who serves southern Indiana for Centra. In this video, Lisa offers some advice about how an adjustable-rate mortgage can be a great fit under the right circumstances.

Adjustable-Rate Mortgage Overview

We frequently see potential homebuyers that have some initial hesitations about having an adjustable-rate mortgage or ARM. In this video, Maggie De La Rosa, who’s a mortgage loan consultant at Centra Credit Union, explains some of the misconceptions around adjustable-rate mortgages and how they can be very favorable in certain circumstances.

Tips for First-Time Homebuyers

Centra Credit Union knows that buying your first home is an exciting time. Lora Cochran, who’s a mortgage loan consultant who serves Shelbyville, Greensburg, and the surrounding areas, is passionate about helping first-time homebuyers through this exciting journey. This video offers a few tips for buying your first home.

When to Refinance

Did you know that one of the most common reasons people refinance their mortgage is to consolidate debt into one payment? In this video, mortgage loan consultant Wally Lopez shares some of his expertise about refinancing.

How Construction Loans Work

Did you know that applying for a construction loan with Centra Credit Union works just like applying for a mortgage? Mortgage loan consultant Maggie De La Rosa explains how this type of loan works and why it might be a good option for you.

Using Home Equity towards Your Dream Home

Using equity in your current home by taking out a home equity line of credit, or HELOC, offers a lot of possibilities. In this video, Tammy Hercamp gives a HELOC example that you might not have considered. You can use it for making your down payment on a new home while the sale is pending on your current home. Tammy is a mortgage loan consultant who serves the Seymour and North Vernon areas for Centra Credit Union.

Three Construction Loan Tips

If you’re considering a construction loan to build your next home rather than choosing from what’s on the market, it helps to know the process from the start. Maggie De La Rosa, who’s a mortgage loan consultant at Centra Credit Union, serves Columbus, Indiana and the surrounding markets. Hear what tips Maggie has to offer for anyone who’s currently looking into a construction loan.

The content of these videos is for educational purposes only and not intended to guarantee results and should not be relied upon as a comprehensive analysis of the subject matter. Please seek the guidance of our licensed mortgage consultants for any specific questions.