Apply for a Mortgage Retirement Loan

At Community West Credit Union, we offer members a variety of loan programs to choose from, including mortgage retirement loans. Mortgage retirement loans are a great option for anyone looking to pay off their home sooner than originally planned. Instead of waiting 15 or more years to clear your debts, you can apply for a mortgage retirement loan and get that much closer to financial freedom. Interested in learning more? Connect with us online or apply today!

Reasons to Get a Mortgage Retirement Loan

The main purpose of a mortgage retirement loan is to pay off your home loan faster. If you’re like most people, you probably have a mortgage with a 30-year or 15-year term. Instead of waiting out the full term, you can essentially “retire” your mortgage early. Paying it off earlier than expected can help save you money on interest. As a result, you’ll have more cash flow every month and be able to reap the benefits of having more financial independence. Once your home loan is paid off and the house belongs to you completely, you’ll experience a feeling of accomplishment like none other.

Another reason why some homeowners decide to get a mortgage retirement loan is to consolidate debts. Debt consolidation is a great way to package everything together. Most people find that with a single loan program, it’s much easier to manage finances. In addition, consolidating debt can get you lower interest rates and allow you to pay it all off faster.

Taking out a mortgage retirement loan can help you work towards retirement, a vacation, or a home improvement project. When you take steps to reduce or eliminate your debt, so many more opportunities become available.

Let CWCU Handle Your Mortgage Retirement Loan

Mortgage retirement loans from Community West Credit Union have low rates and are held right here in house. They’re never sold to a big service, which means you won’t have to worry about dealing with any third-party lenders. Just us, the same loan officers you’ve gotten to know over the years. If you have any questions about your loan at any point, you always know where to find us.

Things to Consider

Our mortgage retirement loans have a 10-year maximum term with low annual percentage rates. To get the loan set up, an appraisal may be required. As long as your credit history and score and financial situation are in good standing, we can get you approved quickly. Be aware that there is a flat fee for processing.

Not sure if a mortgage retirement loan is right for you? Check out our other mortgage products. For example, maybe a home equity loan would better serve your needs. Home equity loans can help cover the cost of large expenses. Or, maybe a personal loan or line of credit would suit you better.

Apply Now

Take the first step toward financial freedom today with a mortgage retirement loan from Community West Credit Union. You can check rates and apply online now. But if you have any questions or would like to talk through your options first, feel free to stop by your local branch. We have locations in Comstock Park, Kentwood, Middleville, Rockford and more. You can also contact us with questions or to start your application.

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Last Updated: August 1, 2019
DESCRIPTION APR (as low as)
Mortgage Retirement Loan(Based on $100,000) 3.99 % APR

 

*APR = Annual Percentage Rate. Subject to change. APR may be higher depending on your application. Appraisal may be required.

Note: Certain loans may have more requirements.

MORTGAGE DEPARTMENT INFO

Phone: 616.261.5657
E-fax: 616.588.6442
NMLS # 691882

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