Financing

Streetwise Mortgage Guide

A portion of the American dream for some is home ownership where one enjoys the fruits of their labor with the ones they love.

But it can quickly turn into the American nightmare with the wrong choice of a mortgage where payments balloon, terms change, and fine-print restrictions prevent adequate relief.

That's where our STREETWISE MORTGAGE GUIDE comes in to help. In our mortgage guide, we'll show you:

• The value of and explanation of the PRE-APPROVAL PROCESS. We also provide a quick method to become pre-approved;
• The DIFFERENT TYPES OF MORTGAGES and a guide as to which one is best for you in your situation;
• An explanation of MORTGAGE TERMS so you'll understand the meanings of the mortgage terms used;
• A detailed explanation of CLOSING COSTS.

Mortgage Calculators

Now that you understand more about the mortgage process through our Streetwise Mortgage Guide, it's time to do some calculations.

We have various and sundry mortgage calculators on the DCU website to help you to make financial decisions about your mortgage. We have calculators to help you decide:

• How much home can I afford?
• How much mortgage might I qualify for?
• Should I refinance?
• How much will my fixed rate mortgage payment be?
• How much will my adjustable rate mortgage payment be?
• And many more . . .

We also have many additional financial calculators to help with personal finances, investing, and retirement planning.

Become Pre-approved

One of the most important parts of the home buying process is pre-approval. With the pre-approval process, you'll determine for how large a mortgage you qualify. This is in contrast to pre-qualification where there's simply an evaluation of your finances without a commitment letter.

When you're pre-approved through DCU Realty, you'll receive a letter that states you're qualified for a mortgage loan up to a specific amount. This indicates to the sellers you're a serious candidate and that your offer should be seriously considered because you have the financial resources to fulfill your offer. The DCU Realty pre-approval letter gives you an edge over other buyers because it demonstrates to the seller you've been evaluated for financial worthiness.

At DCU Realty, we help you become pre-approved. Just follow the link below to our pre-approval form. Fill it out with all the important information and submit it to us. We'll process it and provide the necessary approval documentation to help expedite the process of your selection of a home.

Become Pre-approved for a loan

DCU Mortgage

Working with DCU Realty will enable you to conveniently apply for a mortgage at a low, competitive rate, without hassle through DCU Mortgage. All of our mortgages are processed locally to remove the difficulty of dealing with an out-of-state company, sometimes without a brick-and-mortar location. Many mortgage companies sell the processing of their mortgages to others. We keep mortgage processing local.

Our simple pre-approval form and our mortgage application are available online for your convenience. We'll even email you when rates change if you so desire. Just sign up for our Rate Watch Service.

Confused about what mortgage to select? No problem! We'll help you select the best mortgage for you based upon your life situation and goals.

apply on line, call us direct at 508.263.6700 / 800.328.8797 (select 3), or visit one of our many branches, listed on the left sidebar.

DCU Insurance

With home ownership comes a major responsibility: the protection of your home and your assets. It's important to ensure you'll be able to replace your assets or continue to provide should you be unable to afford payments due to unforeseen circumstances. That's where DCU Insurance expertise helps.

Streetwise Insurance Guide

Our Streetwise Insurance Guide provides you with the knowledge to make intelligent decisions about the kind, length and amount of insurance you'll need as a homeowner. We'll help you plan so adverse events won't set you back financially.

In our Streetwise Insurance Guide you'll learn about:

• Types of insurance available, what you'll need when and how much;
• Details about homeowners insurance including the different types available;
• Specifics about liability, life, disability and health insurance that may affect your ability to make a mortgage payment;

DCU Insurance

Our agents are all trained in the different types of insurance a homeowner may need. Since we're part of DCU, we're able to to expedite the process, saving you time and money while eliminating much hassle in your life.

Contact a DCU Insurance agent to help insure your future.

DCU Mortgage Rates

DCU offers an assortment of mortgage loans depending upon your circumstances and needs.

We offer:

• Home Equity Loans of 5 year fixed and 20 year fixed;
• Conforming Products including 5 year adjustable, 10 year fixed, 5/5 year adjustable, and 30 year fixed;
• Jumbo Products including 5 year fixed, 10 year fixed and 5/5 adjustable rates.

Check out our Low Rates