NCUA Releases New, Improved Insurance Coverage Estimator
LATEST IN ON LINE MORTGAGES … with the service excellence you expect from the
credit union! Through our new partnership with
Mortgage Markets CUSO,
a credit union
owned mortgage lender, we now offer you an extensive array of low rate mortgage
options with the convenience of 24/7 access to on line approvals.
Markets web site is a leading edge window to a new world of on line tools that
the mortgage process in half!
You can print out your mortgage commitment after spending just 15-20 minutes
completing a streamlined application. And best of all - from start to finish you
will be dealing with solutions specifically designed for credit union members.
If you are
looking to refinance you will obtain instant approvals, great rates, low overall
closing costs, rate tracking notifications and the tools to make comparison
shopping easier. For new home buyers there are many other great self help tools
such as automated pre-approval letters, mortgage calculators, complete process
information / checklists, on line and phone loan consultant options, and much
more. So to research or apply for a mortgage loan with your credit union
Is it possible
refinancing can pay off again? Don't wonder! In less than 2 minutes you can
know by inputting your mortgage payment (Principle & Interest Only) and your
mortgage balance in our refinance calculator. You will get a printout listing
the payback period required to recoup your up front refinance costs and current
rate assumptions used. This is just one of the great new tools you can use on
hunting, but not ready to apply? Get a free
today! Simply answer a few
questions, and you will be able to print out a Pre-qualification Letter in
minutes. You can share this letter with your realtor or independent home seller
as evidence they can afford that new dream home.
32,000 Surcharge-Free ATMs Nationwide
CSPCU is pleased to provide,
Allpoint, America's largest surcharge-free ATM network at no
charge to our members.
With over 32,000 ATMs, Allpoint is the largest single source for
surcharge-free access coast to coast. To find a surcharge
free ATM use the convenient locator on the
Residents in New Jersey and surrounding areas have been
receiving automated "Vishing" telephone calls impersonating a local financial
institution. The calls have gone out to thousands of area residents regardless
of which financial institution they patronize. It is clear that the perpetrators
of this scam are not in possession of specific information for the financial
institution they are impersonating.
In the scam the consumer receives a pre-recorded call
identifying a specific local financial institution. The message informs the
consumer that their personal bank accounts have been frozen. The message advises
the consumer to immediately input their ATM or Debit Card number, expiration
date and PIN to reactivate the affected account. The security code from the back of the
card may also be requested. Unauthorized ATM withdrawals are occurring
Never give out personal information over the phone unless your
sure of the party you are dealing with.
Do we have your current address?
If you move please make sure to notify the credit union of your
Is comparing APRs the best way to decide which lender has the
lowest rates and fees?
The Federal Truth in Lending
law requires that all financial institutions disclose the APR when they
advertise a rate. The APR is designed to present the actual cost of obtaining
financing, by requiring that some, but not all, closing fees are included in the
APR calculation. These fees in addition to the interest rate determine the
estimated cost of financing over the full term of the loan. Since most people do
not keep the mortgage for the entire loan term, it may be misleading to spread
the effect of some of these up front costs over the entire loan term.
Also, unfortunately, the APR
doesn't include all the closing fees and lenders are allowed to interpret which
fees they include. Fees for things like appraisals, title work, and document
preparation are not included even though you'll probably have to pay them.
For adjustable rate
mortgages, the APR can be even more confusing. Since no one knows exactly what
market conditions will be in the future, assumptions must be made regarding
future rate adjustments.
You can use the APR as a
guideline to shop for loans but you should not depend solely on the APR in
choosing the loan program that's best for you. Look at total fees, possible rate
adjustments in the future if you're comparing adjustable rate mortgages, and
consider the length of time that you plan on having the mortgage.
Don't forget that the APR is an
effective interest rate--not the actual interest rate. Your monthly payments
will be based on the actual interest rate, the amount you borrow, and the term
of your loan.
If you would like to learn how to protect yourself from identity
theft and other internet scams click on the icon below.
A 10-minute educational video that provides an overview of identity theft and
outlines the steps you can take.
Mortgage money is available. Call 1-800-310-7728 for information
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