Likely the largest debt you'll ever take on, a mortgage is a loan to finance the purchase of your home. A mortgage loan could also be used in the refinance of an existing home (mortgage) loan.
Your home is collateral for the loan, which is also a legal contract you sign to promise that you'll pay the debt, with interest and other costs, typically over 15 to 30 years.
To repay the debt, you make monthly installments or payments that typically include (PITI):
Leaders Credit Union offers mortgage loans at affordable rates.
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For more information regarding pre-approval and mortgages with Leaders Credit Union, feel free to contact a Loan Officer today!
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