Mortgages Demystified

Recent media attention regarding the state of the real estate market may have you confused about whether jumping in the home ownership or refi pool is right for you right now.

You've read the hype. Now get the facts:

Mortgage rates are historically low.
Real estate will always be a good investment, regardless of market fluctuations.
“Shopping” lenders purely based on interest rates or monthly payments is not in your best interest as some loan options actually build negative equity or adjust so radically that you won't be able to afford the payments in a few years.
“Buyer's market” or “seller's market” doesn't mean you won't get a “good deal” if you define a good deal as the right property at the right price at the right time for you and your family.

NWFCU offers a variety of mortgage options. Best of all, we work with you, one-on-one, to help find the loan, rate and term that works best for you.

If you've got questions, we've got answers.
The competition in the mortgage market is building – and so is the pile of mortgage solicitations in your mailbox. Remember, if an offer sounds too good to be true, it probably is. Work only with a lender you trust, and keep in mind that we're here to offer objective advice…we'll even take a look at those pesky solicitations to help you understand the fine print!