YEL and Mobiloil Credit Union’s Smart Change program

Aug 14, 2020


Young Emerging Leaders recently invited Mobiloil Credit Union to present a financial education seminar at the July 15th meeting. Home Buying 101, part of the Smart Change financial wellness program, was presented by Lori Higgins, AVP of Business & Community Development.  Mobiloil Credit Union’s Smart Change program partners with area businesses, schools and nonprofits to provide free education to improve the financial health of our communities. Here are a few key takeaways from the presentation:

  • Check your credit report to ensure you have a strong credit score and your report is accurate.
  • Aim for a 20% down payment.  A larger down payment equals a lower house payment, 
  • Compile a list of wants and needs before shopping for your new home.
  • Do your research. Look up homes for sale in your area to see what is available in your price range.
  •  Check out the neighborhood at different times of the day and in different weather conditions. 
  • Use a Realtor: they can be a great resource during the home buying process. 

For more information on Mobiloil Credit Union’s Smart Change program or to schedule a seminar at your place of business, visit Young Emerging Leaders meetings are held monthly and we invite you to join our next Zoom meeting. Follow YEL on Facebook and Instagram for more information.


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