| Buying a home is the biggest financial decision most
people make in their lifetime. It can be a mystifying, stressful process that leaves you
doubting whether you're getting a good deal. Or you can call your Credit Union. It's that
simple. We're not here to make a profit on your business. We're here to help our Teamster
members-the Credit Union's owners-achieve financial success and security. We'll
make sure you understand all your options and how to compare them. We'll take it
step-by-step, and we'll explain any part of the process that needs it. A mortgage lender
who is on your side is hard to come by-but not for our Credit Union members! Click
here to review loan rates, terms and fees.
First Mortgages
We offer 5 and 15 year mortgages at competitive fixed rates, with no points, and
minimal fees. We also encourage members to divide their monthly payments into small weekly
payments--this chops two years off a 15-year mortgage, for example, and saves thousands of
dollars in interest. Just contact the credit Union to get
started. We also offer 30-year mortgages, balloon loans, special programs for first-time
buyers, and other types of mortgages with low fees and rates with quick processing through
the following mortgage broker:
 | Consolidated FCU -- Call Tanya in the mortgage dept 503-872-9422 or Apply
Online at their web site |
Home Equity Loans
Tap into the equity you already have in your home -- up to 80% of it. And use it
to finance just about anything you need: home improvement, college, debt consolidation,
big vacation, new vehicle, whatever. Compared with consumer loans, a home equity loan
offers a lower rate, higher loan amount, and smaller payment (with longer terms). For most
of our members the interest is also tax deductible (check with your tax advisor). You have
a choice of a lump sum fixed rate loan or a variable rate line of credit you take advances
from as needed. Either way, the rates are competitive and fees low at your Credit Union.
Refinancing
Paying off your old mortgage (and home equity loan, if you have one) with a new
Credit Union mortgage can save you thousands of dollars and make you the outright owner of
your home that much faster. For some homeowners, a new first mortgage is a good way to get
an even better rate than they can get with a home equity loan! Give us a call and we'll
work out your best options.
Unimproved Property Loans
Look to your Credit Union for financing of unimproved property. Whatever your real estate
need, be sure to check with us.
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