The American dream of home ownership might be closer to reality than you think. As in many things, timing is everything:
As mortgage rates and home prices continue to remain at their lowest levels since the start of the Great Recession, this is the time to buy!
When you’ve found that dream home, Aloha Pacific Federal Credit Union (APFCU) is ready to help.
APFCU’s expert mortgage specialists can guide you through the sometimes intimidating mortgage process (Points? Amortization? Escrow?); and can also offer special programs for qualified first-time homebuyers that may reduce your out of-pocket closing costs and the initial down payment.
APFCU members may also be eligible to receive discounts on commissions when buying or selling properties through APFCU’s partner, CUSO of Hawaii Properties, LLC.
The Refinancing Option
If you already own a home, have you considered refinancing your mortgage?
Historically low market rates for 15-year mortgage products, which are very popular for refinancing, could result in substantial savings.
In simple terms, refinancing means you pay off your existing loan and create a new one, ideally at a lower rate, or shorter term, which could potentially save you thousands of dollars over the life of the loan.
As your home is perhaps your greatest asset, refinancing may allow you to build equity more quickly by reducing your interest costs or shortening the term of your loan.
Keep in mind that fees such as closing costs, loan points, escrow fees, and insurance may affect your monthly payments.
When refinancing your mortgage loan, some loan fees may be tax deductible. Consult your tax advisor.
Visit any APFCU branch or www.alohapacific.com, or call 531-3711 for more details.
Membership ($100 in Regular Savings) required. All loans subject to approval. Some restrictions apply. Rates, terms, programs, and conditions are subject to change. Some services not available in all states.
This credit union is federally insured by the National Credit Union Administration
Become a Member
Not a member yet? You, too, can join your family, friends and neighbors by taking advantage of the many benefits that come with membership in Hawaii’s third largest credit union.
These benefits include low or no fees, competitive dividends, special offers and events such as Family Day movie screenings and Member Appreciation Day at the 50th State Fair.
It’s a great time to join, especially because we’re celebrating our milestone 75th Anniversary with extra special members-only offers and a gala Annual Meeting celebration in March 2013.
Visit any APFCU branch, www.alohapacific.com or call 531-3711 to find out how you can become a member.