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Find Your Dream Home and Let Us Do the Rest.

At LOC Credit Union, we don't just want your mortgage business, we understand how important a home can be to your quality of life, both emotionally and financially. You've worked hard to find the home of your dreams, now let us find the right mortgage loan solution for you.

Whether you're in the market for your first home, or seeking to refinance an existing mortgage, we'll put our expertise to work for you. Not sure what loan option is right for you? We'll be with you every step of the way to help you pursue your home ownership goals and get you the keys to your dream home thanks to our:

  • Great low rates
  • Very competitive fees and closing costs
  • Team of experts ready for you with more than 20 years of mortgage lending experience
  • Portfolio lending also available

bill cook bio

Bill Cook, our Mortgage expert is ready to help guide you through the Mortgage process from start to finish! Start your mortgage application online today or click the link below to setup a time to speak with Bill. He and his team will be with you every step of the way to ensure you have a great experience with LOC Credit Union while enjoying comfort of your home. 

Schedule an Appointment

Refinancing Your Current Mortgage

Why refinance? It may make sense if you can lower your interest rate or if the value of your home has increased. Refinancing can be a helpful tool for home improvement, debt consolidation or simply lowering your monthly payment.

Reasons to refinance:

  • Benefit from a lower rate and lower monthly payments
  • Consider a different loan program that may better fit your needs to eliminate PMI if you have built up your equity
  • Pull cash out to take care of long-term obligations or improve cash flow with current obligations
  • Change from one adjustable-rate loan to another to lower your monthly payment
  • Build equity faster by shortening the term of your loan to 15 or 20 years
  • Refinancing is simple and easy

Refinance Today!

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What You Need to Get Started

To help expedite your application, please make sure you have the following information available when you are ready to apply. 

  • Current and previous addresses (2 years)
  • Property information (if applicable)
  • Current and previous employment information and dates including monthly salary
  • Bank account statements
  • Current monthly housing expenses such as rent and mortgage payments
  • Address and market value information for properties you own, including taxes & insurance
  • Sources and income amounts for all borrowers. If you are a W-2 employee, pay stubs for the last 30 days.
  • If working with a real estate agent, their name, company and phone number

Home Buying

How Much Does a Home Remodel Really Cost?

Remodeling your home can be exciting, expensive, but oh so fulfilling. Maybe you’ve been dreaming of an updated kitchen in the house you want to buy, or new tile and fixtures for the bathroom in your current home.

You might be wondering “but how much does it really cost to remodel my home?” Your overall cost will depend on things such as the contractors you hire, the materials chosen, your current house conditions and other variables.

Hidden or Unexpected Costs
One of the first rules of a remodel is to prepare for the unexpected. Problems (and price tags) could appear as the remodel progresses. To give you an idea of issues that may come up, here are some of the most common unexpected costs:

Bringing your home up to code – The older your home is, the more likely you are to run into code issues when remodeling. Building codes are updated frequently and contractors are required to bring buildings up to code or risk losing their license. These can be additional expenses you weren’t originally considering.

Permits – Before you start your remodel, check with the city and determine if and what permits you will need. To help save money in the end, get all of your necessary permits up front when you hire contractors and set a timeline.

Surprise Structural Changes – Whenever you are tearing down a wall or revealing the internal structure of your home, you could find damage that has to be addressed. This can range from water damage to pest infestations, or even past home improvements that were not completed properly.

Having to Move Out or Not Using Rooms – Depending on how invasive your project is, you may not be able to use that room (or even your house) for an extended period. Plan for this when setting up your budget, and factor in having to put items in storage or staying in a hotel for a few nights.

Dining Out – If you are remodeling your kitchen, you may be spending money eating out. To avoid this expense, try to plan and prepare easy meals that don’t need to be cooked.

Utility Bill Increase – Plan for some of your utilities to spike during your remodel. The use of power tools, and equipment could raise your electric bill.

Planning your remodel
Before you start knocking down walls, make sure to figure out what you want to remodel and create a plan to help keep you on track and avoid unnecessary expenses. This should include where to start, your budget and timeframe.

Consider the amount of work going into your remodel, this will directly affect your cost. Some projects may add equity or resale value depending on the market and location of your home. Do your research and make sure that your remodel makes sense.

Setting the Budget
After you have your plan in place, it’s time to set your budget.

Get quotes from multiple contractors. Be specific and detail as much as you can; from materials to timeframes, communicate your ideas and concerns to your contractors. Use their knowledge of the industry to confirm your choices and avoid costly mistakes.

Once you have an idea of how much the proposed project with cost, come up with the amount you are comfortable with spending. Plan to add an additional 10% to 20% to act as a safety net for unexpected expenses.

Consider how you will be financing your renovations. If you are looking to take out a loan, make sure you do that before finalizing your budget. This helps determine your available funds and how much you are able to spend on your project. There are loan programs made specifically for home improvements that can be a great option.

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Get to Know Our Mortgage Expert, Bill

Born in the foothills of Appalachia, Bill has been involved with Real Estate lending for more than 25 years with experience in loan origination, underwriting and closing of mortgage loans. Bill has a wide background, including management of multiple state operations & sales for mortgage lending, as well as portfolio lending. Bill is ready for a no-pressure discussion on options to be pre-approved for a home or refinance!

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