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Purchasing a Home

Time to move into another home? Maybe you've outgrown the one you're living in now. Perhaps you're in a better financial position than you were when you bought your last house. Maybe you're moving to a new town with a new job. While it really doesn't matter why you need a new house, it does matter how you go about purchasing it. No one likes the hassle of buying a home the old way, including us. That's why we've invested our energy into streamlining and updating the entire mortgage process. We're pleased to bring you a faster, more technologically advanced way to finance your home.

Refinancing a Home

Why refinance? It may make sense if you can lower your interest rate or if the value of your home has increased. Refinancing can be a helpful tool for home improvement, debt consolidation or simply lowering your monthly payment.

Reasons to refinance:

  • Switch from an adjustable rate loan to a fixed rate mortgage
  • Change from one adjustable rate loan to another to lower your monthly payment
  • Reduce your interest rate and your monthly payment
  • Build equity faster by shortening the term of your loan to 15 or 20 years

Ready to get started?

South Division Credit Union’s team of Personal Financial Advisors now includes a professional mortgage advisory and placement company that cuts through all the “for-profit” mortgage double-speak of the big banks and private lending companies. Mutually owned and exclusively used by credit unions, myCUmortgage helps you understand the new rules and requirements for obtaining a mortgage. They walk you through the process at your pace, from simply giving you information – like rates, monthly payments, taxes and insurance, and all fees that apply to different types of mortgages – to taking your mortgage application (no application fee), guiding it through underwriting, giving you feedback and presenting your best offer.

It’s an experience you will thoroughly enjoy. and you’ve got options on how to get started!

One option is to begin your mortgage discussion with a South Division Financial Service Representative and get some preliminary information about the mortgage process in general – preparations and timing, basic requirements and your credit situation.

The other option is to go online to myCUmortgage and explore the mortgage market directly through their user-friendly, very smart and secure website. Here you can personally customize multiple mortgage scenarios and compare them to one another by rate, monthly payments or fees. And in about thirty minutes you will have a fairly good idea about how to proceed.

Either way, this credit union path to Home Ownership is like no other on the market. Not-for-profit, but for service to America’s best dreamers – our credit union Members everywhere!