YEL and Mobiloil Credit Union’s Smart Change program

Aug 14, 2020

 

Young Emerging Leaders recently invited Mobiloil Credit Union to present a financial education seminar at the July 15th meeting. Home Buying 101, part of the Smart Change financial wellness program, was presented by Lori Higgins, AVP of Business & Community Development.  Mobiloil Credit Union’s Smart Change program partners with area businesses, schools and nonprofits to provide free education to improve the financial health of our communities. Here are a few key takeaways from the presentation:

  • Check your credit report to ensure you have a strong credit score and your report is accurate.
  • Aim for a 20% down payment.  A larger down payment equals a lower house payment, 
  • Compile a list of wants and needs before shopping for your new home.
  • Do your research. Look up homes for sale in your area to see what is available in your price range.
  •  Check out the neighborhood at different times of the day and in different weather conditions. 
  • Use a Realtor: they can be a great resource during the home buying process. 

For more information on Mobiloil Credit Union’s Smart Change program or to schedule a seminar at your place of business, visit www.mobiloilcu.org/financial-education. Young Emerging Leaders meetings are held monthly and we invite you to join our next Zoom meeting. Follow YEL on Facebook and Instagram for more information.

 

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