When you are finally ready to buy your own home, come talk to the
home loan professionals at your credit union about agreeable financing
terms that will help you make your home-ownership dreams a reality.
If you already own your home and have some equity built up, you've
got a ready source of income for almost any financial need. Home
equity loans are a sensible way to finance home improvement projects,
educational expenses, or consolidate other debt. Why? Because you're
liable to get a much lower rate on your home equity loan than on
most other types of consumer loan. See a Carter Federal loan representative
for more information on how you can borrow and save.
Reverse Mortgages offer senior homeowners a way to turn home equity into Tax Free Cash! If you are a homeowner 62 years of age or older, a Reverse Mortgage can supplement your income. With no income requirements and minimal credit requirements, you may qualify for a Reverse Mortgage to pay for home repair, debt reduction, living expenses, healthcare. Several options let you receive your home’s equity to best suit your needs, whether a monthly payment or a lump sum. Plus, funds received from a Reverse Mortgage are not subject to income tax and do not affect Social Security
Benefits.
To find out more about reverse mortgages, please call your local Carter Federal phone number and choose ext.1375 for Sheila Robertson.
Carter Federal has expanded its mortgage loan
program to give you a variety of products to meet your needs, better
service, and better access. One of Carter Federal's primary service
partners, CU Members Mortgage, is ready to help. To learn more about
CU Members Mortgage, click
here.
You’ll be asked to create a log-on name and password, so you’ll
be able to come back to the site multiple times (if necessary) to
complete your application.
You can also take advantage of our mortgage calculators to find
out how much home you can afford.
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