BMI Federal Credit Union

Financial Education: Home Ownership
| Learning ModulesLearn the process, resources, and strategies to help you buy a home while sticking to a budget.  For more details speak with a mortgage expert today! Learn how to work with a lender you trust and find a mortgage that fits your needs and budget.
 CalculatorUse this calculator to determine the monthly payment that will fit within your budget. | Resource ArticlesLearn how refinancing allows you to make changes to your mortgage that will allow you to lower your monthly payment, pay down the loan more quickly, or switch to a different type of mortgage entirely.  Explore your options for buying a home, including first-time home buyer benefits.
 Ready to apply for a mortgage? Learn what documents you will need. Learn how a home equity line of credit (HELOC) works and if it is right for you.  | 
Financial Education Video
Demystifying Mortgages
Learn how mortgages work including fixed-rate and adjustable-rate mortgages, annual percentage rates, principal, and interest.
 
Comparing mortgages can be confusing and intimidating... let's break it all down so you can understand how it works.