ALEXANDRIA, Va.—NCUA has created a new video to help consumers better understand the process of buying a new home.
The NCUA video, Understanding the Basics of Obtaining a Home Mortgage, guides potential homebuyers through the steps of shopping for the right mortgage loan and what to expect during the home buying process.
“An educated consumer is a smarter homebuyer,” NCUA Chairman Rodney E. Hood said. “Knowing what to expect in the process helps give people the confidence they need to make financial decisions for themselves. I encourage credit unions to add these resources to their educational outreach to members.”
The video is part of the agency’s digital campaign for National Homeownership Month. Throughout June, NCUA said it will regularly post home buying tips and resources on its Facebook and Twitter sites that credit unions, their members, and consumers in general can use and share.
Consumers can also get basic homeownership information on finding the right home, buying a home, and owning a home on the agency’s consumer site, MyCreditUnion.gov.