At this time, we are only able to offer mortgages in Pennsylvania, Maryland and Delaware. We make applying for your mortgage easy with our online application. Our mortgage rates are updated daily and we can help you get pre-qualified so you know how much house you can realistically afford before you make any offers.
As many long-time readers of this blog know, the best rates are often at credit unions. Another well known fact is that it can be difficult to qualify for membership at several credit unions. With some credit unions offering deposit rates more than a percentage point above the best bank rates, you.
When you get your mortgage through a credit union, you work within a system that’s designed to give you the best rates. Plus, you get the personal touch that banks just don’t offer.
Knowing your loan’s interest rate matters. If the bank says no or doesn’t make those types of loans, you can begin researching other options. You could check to see if credit unions or online.
Credit Unions are more concerned with keeping risk low, keeping clients happy and working to custom fit every product so it works out best for both parties. While most banks stick with the standard 15 or 30 year mortgage, credit unions are sometimes willing to take it up to 40 years or rearrange interest payments if it benefits the customer’s.
The loan amount, the interest rate, and the term of the mortgage can have a dramatic effect on the total amount, so use this calculator to see the impact of these variables along with an amortization schedule.
Mortgage Loans. Start planning your next move. Buying a home is among the biggest and most important purchases you will make in your lifetime, so it is important to know what you are getting into. Our mortgage center provides a variety of calculators, learning resources and more to help get you started on your home loan.
When people think about the Bank of Canada, the first thing that comes to mind is usually interest rates. it makes me wonder why so little has happened in our mortgage market in my lifetime. I hope.