Thrivent Financial for Lutherans - Planning: Tools and Services

Planning Tools & Services > Life Events > Buying a Home

Buying a Home

Buying a home—especially your first home—is a huge financial accomplishment. It comes with a sense of ownership and freedom.

But it also comes with responsibility. Both in terms of physical upkeep, like mowing lawns or fixing broken plumbing, and in terms of financial responsibility for mortgage payments and home insurance.

Thrivent Financial for Lutherans can offer help as you take on this new responsibility.

Your Accounts

___	If you're changing your address, remember to notify Thrivent Financial for Lutherans to make sure all your accounts are up-to-date.
		Call the Customer Interaction Center at 800-847-4836.
		Edit My Information: If you already have online access to your insurance and annuity accounts, you can update your information online and get forms to change your beneficiary.
		Thrivent Mutual Funds: If you have online mutual fund account access, you can also update your information online.
		Call Thrivent Financial Bank toll-free at 866-226-5225 or e-mail bank@thrivent.com.

Insurance

___	Thrivent Financial endorsed AIG Home Insurance helps insure your new home. Also consider umbrella liability coverage for your expanding assets.
___	Life insurance is more important than ever, now that you own a home.
		Term life insurance can provide coverage for your immediate needs at a low cost - and can help your family pay off the mortgage on your new home in the event of your unexpected death.
		Permanent life insurance choose to access in the future if needed.
		If you already own life insurance, you should review your coverage - purchasing a new home may mean that you'll want to increase the amount of coverage you have, to help cover the new mortgage.
		If your current life insurance contract includes a Guaranteed Purchase Option (or Guaranteed Insurability Option), the purchase of a new home may allow you to increase the amount of your protection, regardless of your health. (Check with your financial associate to see if your contract provides this option.)
		The life insurance calculator can help you estimate how much coverage you'll want to have.
___	Disability income insurance can help reduce the financial impact if a disability prevents you from earning an income.

Investments

___	Mutual funds available from Thrivent Investment Management Inc., are a great place to build your nest egg.

Banking

___	Mortgage calculators answer questions like, "How much can I afford?"
___	Apply for a mortgage online 24 hours a day with Thrivent Financial Bank.
___	A home equity loan or line of credit for home improvements lets you use your home's assets to their fullest. And the interest may even be tax deductible!
___	Credit cards help with those unanticipated purchases.

Planning Tools & Services

___	A LifeMap® financial plan will help you set a course for your financial journey with the development of an objective, in-depth financial plan.

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Locate Your Financial Representative

Your Thrivent Financial representative is there to answer your questions about life insurance or investments as you plan for one of the biggest purchases you'll ever make—your home. Call or e-mail your financial representative today!