The experts at Credit Union Mortgage Association share their knowledge and provide you with information and guidance. This page is a collection of short articles from our experts to help you better understand the options available from your credit union. This is the best place to find the information you need to make an educated decision about your financial well-being.
What is a reverse mortgage? You may have a general idea. You’ve seen commercials on television and watched “Special Reports” on the subject, not to mention the offers you’ve received in the mail. But any single source of information may be biased or leave out key details. It’s important to get a full perspective that covers the whole story, both positive and negative.
Before you start searching for a home, get pre-qualified. A loan officer will gather information about your income, debt, and assets. He or she will also look at your credit profile and determine the best loan options for you. Once complete, you will receive a letter stating you've been pre-qualified. Now you’re ready to get pre-approved.
Credit Union Mortgage Association has a team of real estate loan advisors available to help you understand the terms of your mortgage. We want to make sure that your home is not at risk and that you are prepared for the next chapter of home ownership. Take a few minutes this month to review your mortgage documents, and if you have any questions or concerns, give our team a call.
Here’s an important tip to remember: With the recent flood of identity theft cases and reports of merchants and banks losing their customers' personal information, monitoring your credit report couldn’t be more critical.
Home Buying Articles
Reverse Mortgage Articles
Safety and Protection
Managing Your Finances
While it really doesn't matter why you need a new house, it does matter how you go about purchasing it. The first step is getting Pre-Approved. Take the worry out of financing and click here for all the details.
A Reverse Mortgage is a unique loan that allows homeowners age 62 years and older to convert part of the equity in their home into monthly income or cash without having to sell the home, give up title, or take on additional monthly mortgage payments. Click to learn more.