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Mortgage Minute, Dakotaland Federal Credit Union, News/Events

Dakotaland's Tom Myers SDHDA Mortgage Loan Officer of the Year

Dakotaland Federal Credit Union’s Tom Myers, was awarded the 2022 South Dakota Housing Area 7 Loan Officer of the Year award at the SDHDA Annual Housing Conference on Nov 7th in Pierre, SD. Brent Adney, Director of SD Housing presented the award to Tom which was initially created to recognize Loan Officers who are strong supporters of affordable housing in their communities. There are over 500 participating loan officers from 40 different lenders. Dakotaland is extremely proud to have Tom Myers serving our members since he joined the Mortgage Lending Team in 2017.

Patriotic family sitting in front of house and moving boxes

Mortgage Minute, Dakotaland Federal Credit Union

Homeownership: the Good, the Bad and the American Dream

Have you ever heard, “The dream of the older generation is to pay off a mortgage, but the dream of the younger generation is to get one”? How about “A man’s home is his castle”? Or “Home is where the mortgage is”? Or wait I mean, “Home is where the heart is”. It’s human nature to want a place to call our own; a place we arrange the way we want and do what we want when we’re there. A home is a place to hide our tears, make memories, and share happiness with those who mean the most to us. For many, their home is also their biggest asset and a source of pride.

Couple Pounding for Sale Sign in Front Yard

Mortgage Minute, Dakotaland Federal Credit Union

The Cost of Selling Your Home

Thinking about selling your home? It’s pretty straight forward right? Pay some commission fees and pocket the rest? If it were really that simple, but it isn’t. The average cost to sell a house is typically up to 10% of the sale price. This means if you sell your house for $150,000, you can anticipate subtracting $15,000 from the profit of the sale. That’s a number you want to be prepared for, so before you put a for sale sign on the front lawn, let’s look at what makes up those expenses.

Mortgage Minute

Tips to Purchasing Home Insurance

Discover six helpful tips to purchasing the home insurance that best fits your needs.

Mortgage Minute

Tips to Increase Your Credit Score

Check out our top four suggestions on how to increase your credit score!

Mortgage Minute

What Factors Make Up Your Credit Score?

Your credit score is a representation of your credit history. This score and information helps lenders, landlords, etc. to decide how likely you are to pay future obligations. Learn what makes up your credit score.

Mortgage Minute