When it’s time to get a loan, what counts?

July 10, 2014

How does a lender decide whether to approve a mortgage? Here are the factors that count the most. Income: When it comes to a home loan, it’s gross monthly income (your pay before taxes) that is the starting point for determining your ability to make mortgage payments. Generally, lenders look for two years of stable income. If [...]

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What do you need when applying for a home loan?

June 27, 2014

You’ve budgeted, you’ve shopped and you’ve likely spent a lot of time thinking about making that major purchase – a new home. So you decided you’re ready to apply, but now what? You’ll need to get apply for a home loan and be approved for a loan before you make an offer on that dream [...]

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How much should you put down on a house?

June 20, 2014

Determining how much money to put down is a major step in the home buying process and will likely be the largest up-front cost when it comes to purchasing a home. A smart down payment percentage varies depending on a variety of factors, including the type of loan, how long you plan to be in [...]

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5 Things to Avoid When Thinking About Buying a Home

June 13, 2014

If you’ve done any research on the home-buying process, you know it’s just that – a process. And for many potential home buyers, this process starts before they’re even aware. Unfortunately, sometimes the decisions potential home buyers make with money, credit and employment can greatly influence when they can buy a home and the type [...]

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10 Major Steps of Buying a Home

June 5, 2014

At Washington Federal, nothing makes us happier than putting people in their dream home. Buying a home is a big commitment and there are a lot of steps that need to happen to take you from looking at listings to picking up the keys. Over the next few weeks, we’ll be providing some information to [...]

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Partnering with EverFi to Provide Financial Education

June 2, 2014

We’d like to congratulate the recent Idaho and Nevada high school students that completed the Washington Federal Financial Scholars Program! This financial education course is designed to empower young people with the essential skills needed to make sound financial decisions. This web-based program uses the latest in new media technology – Level 4 simulations, avatars, gaming and [...]

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Extra Money? Should you buy experiences or stuff?

May 15, 2014

When you’re fortunate enough to find yourself with extra spending money (it doesn’t happen a lot for us!), how do you typically choose to spend it? A fancy dinner, shopping spree, that extra latte in the morning? While all these options may sound fun, what really gives you the most bang for your buck? Harvard [...]

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Learning About Money

March 25, 2014

We love teaching people, young and old, about how banking works. One of our favorite, most fun families recently stopped by their neighborhood Washington Federal branch to give their kids a hand-on lesson about how saving money and making a deposit is done. Visit http://www.thenerdcan.com/learning-about-money to read the family’s blog post this adventure!  

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Spring Cleaning for your Finances

March 3, 2014

It’s that time of year again. For many of us, the start of the spring season means cleaning closets, de-cluttering attics and basements and organizing those pantries and junk drawers. During this process, it can be easy to use all of your organizational focus on your home and forget about reviewing and cleaning up your [...]

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Money Management Tips for Couples and Newlyweds

February 13, 2014

From “Yours and Mine” to “Ours” Money matters can be a difficult subject, especially for young couples and newlyweds. In fact, a recent survey by the American Institute of Certified Public Accountants showed that money causes more arguments among men and women than other typical domestic disputes. So where do couples go wrong? “Differences over [...]

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