REAL ESTATE LOANS

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
What would it cost me to refinance my first mortgage?
The cost to refinance your home depends both on the loan amount and the type of loan product you want and the lender you use. The credit union charges very ...
Thu, 23 Feb, 2023 at 3:16 PM
What is Escrow?
Neutral third party appointed to act as a custodian for documents and funds during the transfer of property from seller to buyer or in the course of refinan...
Thu, 23 Feb, 2023 at 3:17 PM
What’s the typical mortgage loan process?
After your application is accepted/originated with a lender, the time between application and loan funding is known as loan processing. During this time you...
Thu, 23 Feb, 2023 at 3:18 PM
What is the difference between a Home Equity Loan and a Home Equity Line of Credit?
Both are considered second mortgages. With a Home Equity Loan all funds will be paid at closing. A Home Equity Line of Credit provides you with a credit lin...
Thu, 23 Feb, 2023 at 3:19 PM
When I apply for a real estate loan, do I need to send the Credit Union a copy of my tax bill?
We will send you a written request for your tax bill if we need it or if requested on the application.
Thu, 23 Feb, 2023 at 3:21 PM
What is Hazard Insurance?
A policy that protects the insured against loss due to fire or certain natural disasters in exchange for a premium paid to the insurer. Also known as homeow...
Thu, 23 Feb, 2023 at 3:21 PM
Why should I consider getting pre-approved before buying a home?
Many buyers are now getting pre-approved for a mortgage. This way, the buyer is seen as more stable, has greater influence in negotiating a purchase price, ...
Thu, 23 Feb, 2023 at 3:25 PM