As the largest locally based financial institution exclusively serving San Diego County, we take pride in providing our members financial services to help them reach their goals—and financial education to help them make money-wise decisions along the way. The Live Smart Bank Smart Blog provides information on a variety of topics that will help you learn more about financial services, money management, and our community. Check back each week to learn something new! At Mission Fed, your success is our bottom line, and that includes providing information to help our members live smart—and bank smart.

Father and mother playing with their daughter in their new home.

What is a Home Equity Line of Credit?

February 14
Becoming a homeowner is a great step in the right direction in helping to secure a better financial future for yourself. No longer do your monthly rent checks go into someone else’s hands — now, by paying off your mortgage, you are essentially investing in yourself. But, with this financial investment comes higher monthly payments and unforeseen costs, and new homeowners often find themselves strapped for cash.
Becoming a homeowner is a great step in the right direction in helping to secure a better financial future for yourself. No longer do your monthly rent checks go into someone else’s hands — now, by paying off your mortgage, you are essentially investing in yourself. But, with this financial investment comes higher monthly payments and unforeseen costs, and new homeowners often find themselves strapped for cash.
Family standing in front of their new home.

How to Get Approved for a Home Loan

February 7
Purchasing a home is one of the most important financial investments you will ever make. Each payment on your mortgage will bring you one step closer to owning your home, rather than renting, where your payments end up in your landlord’s pocket.
Purchasing a home is one of the most important financial investments you will ever make. Each payment on your mortgage will bring you one step closer to owning your home, rather than renting, where your payments end up in your landlord’s pocket.
Woman enjoying her coffee in her home while talking to her dog.

Home Loan Pre Approval vs Pre Qualification

January 31
The anticipation of buying a new home can cause you to feel both excited and simultaneously overwhelmed. Although your Pinterest-inspired dreams of wooden floorboards, bay windows, and an open plan kitchen are ready to become a reality; there are some logistical and administrative mountains you still have to climb.
The anticipation of buying a new home can cause you to feel both excited and simultaneously overwhelmed. Although your Pinterest-inspired dreams of wooden floorboards, bay windows, and an open plan kitchen are ready to become a reality; there are some logistical and administrative mountains you still have to climb.
Family making dinner in the kitchen.

A Guide on Home Loans For First Time Buyers

January 24
Buying your first home is one of life’s most satisfying moments. It’s a big deal, worthy of celebration, balloons, and of course, a rousing housewarming party. But, before you start whipping up the fresh guacamole and inviting your new neighbors to celebrate, there are a few logistical hoops you will have to jump through when going through the process of homeownership.

Buying your first home is one of life’s most satisfying moments. It’s a big deal, worthy of celebration, balloons, and of course, a rousing housewarming party. But, before you start whipping up the fresh guacamole and inviting your new neighbors to celebrate, there are a few logistical hoops you will have to jump through when going through the process of homeownership.

Couple reviewing their checking and savings accounts.

How Many Savings Accounts Should I Have

January 17
Managing finances can become more complicated as you get older and acquire more ‘stuff’ and responsibilities, including taking care of other people. What’s more, this often comes without much guidance or financial planning. Many times people are left wondering, “How many savings accounts should I have?”
Managing finances can become more complicated as you get older and acquire more ‘stuff’ and responsibilities, including taking care of other people. What’s more, this often comes without much guidance or financial planning. Many times people are left wondering, “How many savings accounts should I have?”

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