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FAQ Category: Mortgage
  • What is an escrow account?

    An escrow account is established as a convenient way to manage property taxes and insurance for your home. Sometimes referred to as an “impound account”, escrow accounts allow you to make one monthly payment, instead of paying individual bills when they are due. A portion of your monthly mortgage payment goes directly to your mortgage…

    Read more…: What is an escrow account?
  • Do I need to send you a copy of my property tax bill?

    If your loan is set up with an escrow account, the credit union will obtain the property tax bill from the government. If your loan is approved with you paying the taxes yourself, you will need to provide a copy of the paid tax bill annually to us. At the following address:

    Read more…: Do I need to send you a copy of my property tax bill?
  • How are my property taxes paid?

    If you elect to escrow your property taxes, you will make monthly payments and the credit union will pay your taxes on your behalf. If you do not escrow the property taxes, then you are responsible for making the property tax payment when it comes due.

    Read more…: How are my property taxes paid?
  • Why should I consider getting pre-approved before buying a home?

    Getting pre-approved before buying a home provides you with the price range that works best with your budget. Pre-approval also makes you a more attractive applicant, as the seller knows your financing has already been approved. 

    Read more…: Why should I consider getting pre-approved before buying a home?
  • What are the benefits of your Fixed Home Equity?

    Our Fixed Home Equity offers the following benefits: Fixed-rate with up to 15-year term Low fees with affordable repayment terms Borrow up to $300,000 (up to 90% of your assessed or appraised value) Set payment and interest rate for the life of the loan Receive funds in a lump sum Direct Deposit and Payroll Deduction…

    Read more…: What are the benefits of your Fixed Home Equity?
  • How do I apply for a Home Equity Line of Credit (HELOC)?

    Complete our Online Application to apply for a Home Equity Line of Credit. It only takes a couple of minutes! 

    Read more…: How do I apply for a Home Equity Line of Credit (HELOC)?

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