Financing for condominiums, vacation homes,
double wides, townhouses, patios and planned urban developments. Financing is not available for farms or time shares
Sharefax does not hold any loan with a term
exceeding 15 years
Preferred
Mortgage Program
This
program is designed for members who want a repayment period of 180 months
or less. The rates in this program are lower than most mortgage
programs but guidelines are tighter
A
minimum down payment of 5% is required on residential mortgages, 25%
on investment property
Residential
property must be owner occupied. Residential property can
contain no more than 4 unit.
Closing
costs are also lower than those of most other institutions
Necessary
information when applying for a 1st Mortgage Loan:
Closed
End 2nd Mortgage Loans are best for those who need a one-time lump sum of
money. You can borrow up to 80% of the appraised value of your home, minus
any outstanding mortgages.
Our
variable rate 2nd Mortgage allows members to have greater flexibility. You
are approved for a maximum amount and then you can advance the loan
whenever you need the funds.
No Annual Maintenance Fees
Variable Rate Line of Credit based on the Wall
Street Journal's Average Banks Prime Rate
10 year draw period
Maximum repayment period of 15 years from the date of the last advance
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parties. Sharefax does not operate or control in any respect any information,
products or services on these third-party sites.