NCUA Video Helps Explain the Home Buying Process

ALEXANDRIA, Va. (June 11, 2019) – Buying a home can be confusing, so the National Credit Union Administration has created a new video that makes the process easier to understand.

The NCUA video, Understanding the Basics of Obtaining a Home Mortgage (above), guides potential home buyers 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 the month, the NCUA 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. All resources are available in Spanish.

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NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. At MyCreditUnion.gov, NCUA also educates the public on consumer protection and financial literacy issues.
“Protecting credit unions and the consumers who own them through effective regulation”
– Rodney E Hood
Original Article Link: https://www.ncua.gov/newsroom/press-release/2019/new-ncua-video-helps-explain-home-buying-process