Prepare for your mortgage process by understanding these six key do’s and don’ts from the Mortgage Loan Officers at SESLOC Credit Union.
How can we help?
Or try these resources:
Home Buying
Searching for your dream home? Start your journey here.
Mortgage Math Made Easy: A Guide to Mortgage Calculators
Thinking of buying a home? Estimating your potential mortgage payments is a key step in preparing financially. A mortgage loan calculator is an easy-to-use tool that provides insights into what you can afford by estimating monthly payments, total loan costs and interest. Ultimately, helping you understand what you can afford. Here is a guide to help you make the most of a mortgage calculator on your home-buying journey.
Is Buying a Fixer-Upper Right for You?
As home prices continue to rise and DIY culture gains momentum, more people are turning to fixer-uppers as an affordable, customizable housing option. The appeal of personalizing a space to fit your vision can make these homes attractive, but are they the right choice for you? Let’s explore the pros, cons, challenges and benefits of buying a fixer-upper to help you decide if it aligns with your goals, budget and skills.
Mortgage Pre-Approval: Your Key to Successful Home Buying
With the Federal Reserve having lowered interest rates, you may be thinking that now is the perfect time to consider purchasing a home. If you are ready, it is best to proactively position yourself in an advantageous spot as a buyer by completing a mortgage pre-approval before you begin house hunting.
4 Steps to Navigate Housing Market Challenges
The current housing market presents unique challenges, including rising home prices and tight inventory. Here are 3 steps to help you overcome these hurdles and achieve your homeownership goals.
How to Brace for Rising Home Costs: A Guide for Homeowners and Renters
Have you noticed your insurance bills skyrocketing lately? If so, you’re in good company. According to Policygenius, the average home insurance premium increased by 21% between May 2022 and May 2023. Combine this with rising housing costs, property taxes, and high interest rate debt, and it’s no wonder why so many Americans are struggling in today’s market.
Deductibility of Points and Other Closing Costs
The question you will face is whether you can deduct these fees immediately or whether they are added to the cost basis of your home.
How Much Money Do I Have to Put Down to Buy a House?
In the past, lenders traditionally required a down payment of at least 20% of the purchase price of a home. Today, many lenders offer loans with lower down payments. In addition, certain private and government entities have low down payment programs.
How to Find a Real Estate Agent
A real estate agent is a key partner on your home buying journey. In addition to finding you potential homes, they also guide you and advocate for you throughout the process. But how do you decide which one is the right fit for you and your needs? The right real estate agent for you should be familiar with your prospective neighborhood, experienced, and is someone you’ll enjoy working with.
Finding the Right Home
If you don’t really know what you’re looking for in a home, how do you find the right one? Careful planning and consideration of your options can help ensure that you will be happy with the one you select.
Recent News
Celebrating National Cybersecurity Awareness Month with Tips Keeping You Safe
In the spirit of “People Helping People,” SESLOC marks National Cybersecurity Awareness Month to help you stay aware of cyber threats.
SESLOC Makes Emergency Loans Available After Government Shutdown
In the Credit Union spirit of “People Helping People,” we’re launching an Emergency Loan program designed to help members affected by the 2025 U.S. Federal Government Shutdown
From Your CEO: Protecting Your Account and Personal Information is Always a Top Priority – Fall 2025
It’s been a busy quarter behind the scenes as we continue to work for you, our member-owners, and our Central Coast community.
SESLOC Keeps Growth Trajectory with Prestigious 2025 Awards
SESLOC was honored with two awards: The 2025 Pacific Coast Business Times list of “Fastest Growing Companies” and a Bauer 5-Star rating.
Recent Expansion of our Home Equity Line of Credit Program
SESLOC is making it possible to access more of the value in your homes, giving you more options to unlock cash when you need it.