Educational Employees Credit Union

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 ...

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...

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...

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...

We will send you a written request for your tax bill if we need it or if requested on the application.

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...

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, ...

Insurance purchased by a buyer to cover the lender's risk of loss. Mortgage Insurance is generally required by lenders when the down payment is less tha...

Interest charged to a borrower at closing to cover interest on the loan between closing and the end of the month in which the loan closes.

Insurance which protects the lender (lender's policy) or the buyer (owner's policy) against loss due to disputes over ownership of a property.