REAL ESTATE LOANS

Is there a minimum mortgage loan amount?
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...
Thu, 23 Feb, 2023 at 1:22 PM
What is an Estimated Settlement (or Closing) Statement?
A document provided by the closing agent at closing. Your closing appointment typically occurs a few days before final settlement or disbursement. The docum...
Thu, 23 Feb, 2023 at 1:12 PM
What are E-Document fees?
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...
Thu, 23 Feb, 2023 at 1:23 PM
What are Points?
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...
Fri, 17 Jan, 2020 at 4:22 AM
What is an escrow account?
An escrow (impound) account allows mortgage holders to include their property tax, homeowners insurance, and flood insurance payments with their monthly mor...
Fri, 21 Feb, 2025 at 5:11 PM
What are closing costs?
Fees incurred in a real estate or mortgage transaction paid by the borrower and/or seller at the closing of the transaction.
Thu, 23 Feb, 2023 at 1:25 PM
What should I do if I don’t receive a monthly billing statement on my new Home Equity Line of Credit (HELOC) and the first payment date is approaching?
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...
Fri, 17 Jan, 2020 at 4:22 AM
What should I do if I received a monthly statement on my Home Equity Line of Credit but I requested Share-to-Loan transfer?
It is likely you received a monthly payment notice that is not intended solely as a payment billing. The minimum payment amount is re-calculated about the 1...
Fri, 17 Jan, 2020 at 4:23 AM
What are the advantages of getting a 15-year versus a 30-year mortgage loan?
Lower interest rate and reduction in finance charge over the life of loan.
Thu, 23 Feb, 2023 at 3:12 PM
What is the Truth-In-Lending Act?
Federal law governing the advertising and/or disclosure of the terms of certain types of mortgages by a lender to a prospective buyer/borrower.
Thu, 23 Feb, 2023 at 3:13 PM