|
Chief Pontiac Credit Union & MMS Member Mortgage Services, LTD.
"Your credit union's Mortgage Department"
Chief Pontiac has a number of mortgage programs with great rates!
For more information please call 248-335-9493 Ext. 213 or visit
www.24-7mortgageonline.com
30 and 15 year fixed rate mortgages
5/25 and 7/23 balloon programs
-
Fixed interest rate for first 5 and 7 years, and then a one time adjustment. The remaining 25/23 years will be at the adjusted rate.
-
Ideal for the homeowner who knows that they will reside in the home less than five or seven years.
-
Lower initial interest rate.
-
30 year amortization.
Adjustable rate and convertible mortgages
-
Lower initial interest rate.
-
Easier to qualify.
-
Perfect for the transferee or people who are only going to stay in the home for one to four years.
-
Convertible ARMS can be converted to a fixed rate for a small fee, between year end of year one and year five.
Construction loans
Home improvement construction loan
-
Allows the borrower to purchase a new property or refinance an existing property and obtain additional funds to perform repairs, remodeling or renovations.
-
Appraisal based on the "as completed" value of the property.
-
Fixed rate and adjustable rate, 15, 20, or 30 year programs allowed.
Other programs and features
-
VA/FHA mortgages (203K & secure)
-
Jumbo mortgages
-
Refinancing with or without cash-out
-
Lock-N-Shop
-
Community home buyer program
-
Bridge loans
-
Nonconforming loans
-
Farmers home loan (FmHA)
-
Debt consolidation
-
Escrow waiver programs
-
Easy doc. programs
-
Pre-Approval
-
Long term lock programs
-
Low down payment (3.5%-5%)
-
Investment properties
-
ESP/Desktop underwriting
|
