Search Results for: mortgage

If you’re thinking about buying a home, or if you’ve already kick-started the home-buying process, it’s important to understand the ins and outs of private mortgage insurance. What is it? Who needs it? How much does it cost? We’re answering all these questions – and more! – in this quick guide to private mortgage insurance.

What type of mortgage is the best? The answers aren’t as complicated as you may think. And a big piece of the puzzle is to understand what works for your specific situation.

Buying a house is a major investment and saving up for a down payment can take years. One way to achieve home ownership faster may be to have a family member or charitable organization cover some or all of the down payment. This is known as a mortgage gift—and it comes with its own set […]

If you’re applying for a mortgage, you need to prove to your potential lender that you’re a responsible borrower who will be able to pay back the money you’re loaned. Therefore, an important part of the mortgage approval process involves demonstrating poof of income.

Shopping around for a new home often starts with shopping around for the right mortgage lender. A lender will be your financial partner throughout your homebuying journey, so it’s important to choose carefully. Working with the right lender can mean the difference between getting a good interest rate, getting important questions answered fast, and getting […]

Most everyone knows that a mortgage is a loan you use to buy a home. But what about a reverse mortgage?

While every mortgage is a little different, one thing most home loans have in common is that they come with a 30-year term. However – it’s not the only choice. Another popular option is the 15-year mortgage.

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Harvard FCU’s unique mortgage for Medical and Dental Professionals. You have worked hard to get where you are and Harvard FCU recognizes the unique characteristics…
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Harvard FCU mortgage experts will help unlock the door to your dream home. Harvard FCU lends on properties located in all New England States and…
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Crimson Elite Checking account holders with mortgage autopay will receive a 0.125% rate discount1 Let us help make your dreams a reality. Buying a home…
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After the ink is dry and you have closed on your brand new home, you may think the complex part is over. This is mostly true. Most of the heavy lifting – apart from physically moving in – is done during the home buying process.

Ready to buy a house? Congratulations! This is one of the most important purchases you’ll ever make – so it’s no surprise that it can also be one of the most complicated. There are a huge amount of decisions to consider; from the basics like location and size, all the way up to more in-depth […]

Paying off your mortgage is an amazing feeling. It means you own your home outright, without the financial stress of monthly home loan payments. And, paying off your mortgage sooner rather than later will save you money in the long run, because you’re not shelling out for the added interest every month.

If you’re a homeowner, you’ve probably heard that mortgage refinancing could save you money. But what you might not know is whether or not refinancing is the right option for you – in terms of your income, the size of your home loan, and the financial market as a whole.

Reflection is critical to financial wellness. By taking a long hard look at what went well and what could have gone better in 2025, you’ll have a wealth of information to help support even more healthy financial growth next year. Here are six key questions to ask.  

High-interest debt is a top contributor to financial stress. This year, gift yourself financial peace by taking steps to get free from debt in 2026.

‘Tis the season to give thanks! The power of gratitude and positive thinking is well documented—including when it comes to your finances. So, as Thanksgiving nears, here are four financial habits to be grateful for.

What’s the difference between a bank and a credit union? Why do we have these two types of financial institution in the first place? Read on for a quick rundown of the history and purpose of credit unions, including and why having access to credit unions still matters today.  

Maybe you’re looking for a simple method to help you begin your budgeting journey, or maybe you’re a budgeting pro who wants more ways to save smartly. Either way, there’s a good chance that understanding the 50-30-20 budgeting framework could help you reach your financial goals sooner. 

The burden of debt. So many of us live with it.

The spooky season is upon us, and while fall frights can be plenty of fun—this time of year can also bring up some truly terrifying money mistakes. Read on to learn about the most common money mistakes which haunt people every autumn plus a few tips on how to avoid them.  

If you’re feeling overwhelmed by debt and struggling to make ends meet, the idea of bankruptcy might feel like both a last resort and a lifeline. And in some cases, it can offer the financial reset people desperately need. But it’s also a major financial step—one with long-term consequences—so it’s important to fully understand what you’re getting […]

August is National Wellness Month, otherwise known as the yearly opportunity to reflect on healthy habits and make self-care a priority. So, to celebrate, here are six ways to work toward financial wellness over the next few weeks. 

State treasurers across the United States are currently in possession of around $70 billion in unclaimed assets, including uncashed paychecks, inactive pensions and retirement accounts, life insurance payouts and more. Could you be entitled to any of this unclaimed property? Here’s what you need to know. 

Achieving financial wellness looks different for every person, every age and every stage. Read on for a few key financial milestones to keep front-of-mind as your life, your finances and your money goals mature. 

Got yourself an exciting summer internship? Congrats! But, before you go out and spend all your recently earned income, read on for a few smart-money ideas on what to do with your first paycheck.

On June 19th, people across the country commemorate the end of slavery in the United States by celebrating Juneteenth. This important federal holiday is an opportunity to recognize humanitarian progress throughout history, while also considering how systemic inequalities continue to impede financial freedom today.

In honor of Pride Month, Harvard FCU is exploring the unique financial challenges faced by members of the LGBTQ+ community and sharing a few solutions to help.  

Earning more money is fantastic—but without the right financial mindset, you may find yourself saving less, spending more, and facing a brand new set of money challenges. What to do? Read on for a few tips about how to avoid lifestyle inflation as your income grows. 

In recognition of Memorial Day, Harvard FCU is proud to provide tailored financial advice for active duty military personnel and veterans.   

From budgeting to bills to loan repayments—staying on top of your finances is no easy feat! Luckily, automation tools make financial management a little easier. Here are six benefits of automating your finances.   

If it feels like there’s never quite enough to cover everything, you’re not alone. A quarter of American households are living paycheck to paycheck, according to Bank of America—making it harder than ever to stay on top of monthly bills. With inflation stretching budgets thin, many people are facing impossible choices about which expenses to cover […]

Harvard FCU is here. At Harvard FCU, we know that life happens in in-betweens--not just in milestones but in moments--and we're here to help our…
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We all know credit is important and that having a higher credit score is better for your financial health. But what does your numerical score really mean? How is it calculated and how can you improve your score? Read on for a quick look at the five credit score ranges.  

A high credit score can help you save money and reach your financial goals. If you’re ready to understand why credit matters, plus pick up a few tips and tricks on boosting your credit score—keep reading!