TEST DRIVE YOUR FUTURE MORTGAGE PAYMENT
Before you commit to a future payment, try it out now, safely.
1. Drive it
Choose the monthly payment you’d feel confident handling as a homeowner.
Example:
Target Mortgage Payment:
$2,200/month
2. Compare It
Subtract what you currently pay for housing.
Example:
Current Rent:
$1,600/month
3. Build It
Save the difference each month and test the commitment.
Example:
$2,200 – $1,600 = $600/month into savings
TURN PREPARATION INTO A PRACTICAL HABIT
Consistently setting aside the difference builds real financial cushion before you ever close. Over time, you adjust to the higher payment while strengthening your savings at the same time.
Keep the test drive going as you search, submit offers, and move toward closing. Staying disciplined through the process can create several extra months of breathing room right when new expenses begin.
Preparation doesn’t just get you ready.
It puts you in a stronger position when it counts.
IMPORTANT INFORMATION
Mortgage Readiness Platform, Consumer Choice, and Program Protections
The Teamster Home Advantage Program is a mortgage readiness platform designed to help Teamster Members prepare for homeownership. Through the Program, Members have access to educational resources, planning tools, and a personalized mortgage readiness profile that helps them understand affordability considerations and general readiness indicators before pursuing a mortgage.
Members retain full control over their readiness profile. Members may choose to print or export their readiness profile and provide it directly to any mortgage lender of their choosing, whether or not that lender participates in the Teamster Home Advantage Program. The Teamster Home Advantage Program does not require Members to use a participating lender and does not restrict a Member’s ability to shop for, compare, or obtain mortgage financing outside the Program.
Members may elect, at their express direction, to transmit their readiness profile to a participating lender within the Teamster Home Advantage Program framework and may be eligible for additional program features or mortgage options offered by participating lenders, subject to the lender’s eligibility criteria.
Certain union-sponsored benefits and protections, including the Teamster Home Advantage Program Mortgage Relief Payment (MRP), apply only to qualifying mortgages originated through participating lenders within the Teamster Home Advantage Program framework. Mortgages originated outside the Program framework are not eligible for these program-specific protections. Members remain free to choose the lender and mortgage option that best meets their individual needs.
