First Mortgages
Do you have a mini-mortgage?
Then AppleTree Credit Union has the right loan for you. With our home loan, you can pay off your mortgage in 7 years or less with low closing costs. Now is the time to refinance before mortgage rates go up. Apply for our first mortgage loan anytime.
Do you want to reduce your monthly mortgage payment?
AppleTree Credit Union offers balloon loan programs so you can amortize your loan for 10 - 30 years to keep the payments affordable, with low closing costs. Apply for our first mortgage loan anytime. Or call 414.546.7800 for more info!
Plus, AppleTree doesn't sell its loans, so you can always call either branch with any questions.
To begin the application process, we will need:
2) a copy of your first mortgage statement (and second mortgage, if applicable) showing your outstanding balance
3) a copy of your last property tax bill
4) a copy of your homeowner's policy showing your coverage
5) a copy of your and your spouse's last paystub or W-2 form
Second Mortgage
With our second mortgage, you can choose payments up to 15 years with the rate fixed for 7 years. Click here for current rates.
How to calculate your home's equity:
- Find your fair market value found on your tax bill
- Multiply it by 80%
- Subtract your first mortgage loan balance
And that's your equity!
Home Equity Line-of-Credit
The line-of-credit is open for ten years and during that time you can make withdrawals of $100 or more up to the available balance. Plus, there's no annual fee. Payments are 1 1/2% of the unpaid balance. For example, a $10,000 balance would have payments of $150 per month.
Plus, talk to your tax advisor - the interest may be tax deductible. Then come to AppleTree Credit Union for a second mortgage or home equity loan!
NMLS www.nmlsconsumeraccess.org
Mortgage Loan Originators:
Wendell Gladem #565412
April Kaufmann #565414