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Cape or Colonial? City or suburb? When you go house hunting, there are a lot of decisions to make. Which is why it's nice to know you can opt for a mortgage with simple, straight-forward terms.
No one wants life to be too predictable. But with finances, it can be a good thing. With a TCU fixed-rate mortgage, you'll know your monthly payment for the entire life of the loan. That means easier household budgeting and no worrying about interest rate increases.
All loans subject to credit approval and membership requirements. See Products and Services Details for more information.
APR is the Annual Percentage Rate. At a 4.250% interest rate, the APR for this loan type is 4.334%. The monthly payment schedule would be:
The above information assumes the loan purpose is to purchase an existing single-family home, to be used as a primary residence, with a loan amount of $160,000 and an estimated property value of $200,000 in South Bend, IN (St. Joseph County). The rate-lock period is 45 days and the assumed credit score is ≥740. Any change to the loan scenario above could impact the rates, payments and fees associated with your mortgage. If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
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