Financial Advice

Buy & Own a Home


Stop Paying Rent. Start Paying Yourself.

Friends sitting on a patio and chatting

Where do you see yourself in 5 years?

It may be an annoying job interview question, but it’s a great way to think about the financial wealth you could accumulate by owning a home.

In 2015, home values increased by an average of 10% in the Austin market—meaning homebuyers saw an average 10% return on their investment in only one year.

At that rate, a home bought for $200,000 last year may sell for $220,000 today—a $20,000 profit.

You’d be hard-pressed to find that kind of return with more traditional market investments. But that’s not the only reason that buying a house is a smart money move.

  • There’s never been a better time to buy in Austin—while rents are skyrocketing, mortgage rates remain at all-time lows (but they may not be for long).
  • When you pay rent, you say goodbye to the money forever. When you pay a mortgage, you’re investing the money in your future wealth.
  • If you can afford to pay rent in Austin, you can probably afford to make mortgage payments. UFCU will work with you to figure out exactly how much house you can afford.

Call UFCU at (512) 997-HOME (4663) for a free mortgage consultation, or apply online now if you’re ready to get the ball rolling.

You, a homeowner? It’s not as crazy as it sounds—and UFCU is here to help you make it happen!