Buying a home for the first time is an exciting
opportunity. It can also be a confusing time that’s filled with lots of
questions. That’s where we come in.
Community Financial is here to help you understand what you need to know about
buying your first home.
Getting
a pre-approved mortgage from Community Financial shows realtors and sellers that
you’re a serious shopper. Our experienced mortgage specialists will help you find
out how much you can afford and what your monthly payments will look like
before you start house-hunting.
Fixed Rate Mortgages are our most popular mortgage loan
with competitive rates for 15, 20 and 30-year terms. Plus, our jumbo loans
allow us to handle loans over $417,000. If you’re planning on living in your
home for more than five years and are looking for stable, predictable payments,
then this may be your best option.
Adjustable Rate Mortgages (ARMs) allow Community Financial to give you
the benefit of a lower rate for the initial term of the loan. Once the initial
period has passed, your rate may change periodically over the remaining term of
the loan. The rate increases or decreases depend on loan’s index and margin at
the time. An ARM is great if you’re confident that your income will increase
steadily or if you plan to move in a few years.
Community
Financial's mortgage experts are local lenders with years of experience helping
Michigan homeowners into the "right" mortgage. With competitive rates, affordable
low fees, and a variety of terms to make the buying and refinancing
process easier, we’re certain that mortgage from Community Financial is right
for you!
Visit cfcu.org/mortgages for more information or call (877) 937-2328 ext. 8500.
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