Educational Employees Credit Union

If your 1st mortgage loan is a purchase or refinance the closing will take place at an escrow company with the assistance of an Escrow Officer.

A reverse mortgage converts home equity into money, but requires no repayment until the borrower(s) permanently leaves the home. Basically it allows older o...

Freddie Mac (FHLMC) and Fannie Mae (FNMA) are quasi-governmental agencies that purchase conventional mortgages from insured depository institutions and HUD-...

The minimum loan amount varies depending on the type of home loan product selected. Please visit our Mortgage & Home Equity Line of Credit page for addi...

A document provided by the closing agent at closing. Your closing appointment typically occurs a few days before final settlement or disbursement. The docum...

Fees charged by an Escrow company for receiving our encrypted set of loan documents via the Internet and printing and preparing them for signature and revie...

Finance charges paid by the borrower in addition to monthly interest; each point equals one percent of the loan amount. For EECU 5-Year-Call and 15-Year Fix...

With each monthly loan payment, money is deposited into an escrow account for property taxes, homeowners insurance and any mortgage insurance. Each year whe...

Fees incurred in a real estate or mortgage transaction paid by the borrower and/or seller at the closing of the transaction.

If you have Online Access Home Banking, you can view your payment due date and amount on the Account Summary screen.  You can make a payment using the Trans...