As the calendar turns a new page and resolutions are made, many in our community are setting their sights on the dream of homeownership. Whether you’re a first-time homebuyer, aiming to upgrade your current living situation, or purchasing a cabin or second home, the journey toward owning a home is both exciting and rewarding.
Pillar Bank is here to support you every step of the way on your homeownership journey.
Build Your Home Fund
The journey to homeownership often begins with saving for a down payment. Start the year by setting a realistic savings goal and creating a dedicated fund. Pillar Bank offers various savings accounts with competitive interest rates to help your money grow.
Know Your Credit Score
Understanding your credit score is crucial when applying for a mortgage. Make it a resolution to check your credit report regularly and address any discrepancies. Get a free credit report (www.AnnualCreditReport.com) once per year from each of the credit bureaus. By understanding your credit report and credit score, you can take proactive steps to improve your creditworthiness, correct inaccuracies, and make informed financial decisions.
Pillar Bank can provide insights into improving your credit score and guide you on the mortgage application process.
Explore Mortgage Options
The world of mortgages can be overwhelming, but Pillar Bank is here to simplify the process. Resolve to explore different mortgage options and discuss which suits your financial situation best with our experienced mortgage advisors.
Get Pre-Qualified
“When shopping for a home, consider getting pre-qualified. We will help identify a breakdown of costs so you can understand what price point would be comfortable for your budget,” says Christine Buckman, Mortgage Loan Officer with Pillar Bank.
Balsam Lake and Clear Lake- Kristy Peterson
Baldwin- Christine Buckman or Rick Bonlender
Chippewa Falls- Lori Davis
Plum City and Spring Valley- Erik Thompson or Christine Buckman
Engage a Real Estate Professional
In the quest for your dream home, partnering with a real estate professional can make a significant difference. Resolve to connect with local real estate agents and leverage their expertise to find the perfect home. Pillar Bank can recommend trusted professionals.
Prioritize Financial Wellness
Owning a home involves more than just mortgage payments. Prioritize financial wellness by creating a comprehensive budget that includes homeownership costs like property taxes, insurance, and maintenance. Explore our online financial calculators.
Leverage First-Time Homebuyer Programs
Explore first-time homebuyer programs that can make homeownership more accessible. Pillar Bank can guide you through available programs, such as down payment assistance and special financing options tailored for first-time buyers. Email one of our Mortgage Loan Officers listed above or call 715.684.3366.
As you embark on your homeownership journey in the new year, remember that Pillar Bank is here to support you at every turn. By setting realistic resolutions and utilizing the resources and expertise we offer, you’ll be one step closer to turning your homeownership dreams into reality. Cheers to a year filled with new beginnings and the joy of owning your own home!