Mortgages
Home Buying Made Easy
Are you looking for more than just a mortgage? At Heritage Valley FCU, we offer more than competitive rates – we offer a financial partnership.
As a member-owned cooperative, our focus is on you, not profits. When you choose a mortgage with us, you’re not just a customer; you’re a valued member of a community-driven institution that prioritizes your financial well-being.
Benefit from personalized service, lower fees, and a commitment to transparency that goes hand in hand with our mission to empower our members.
Ready to Unlock the Door to Your Dream Home?
Our team is here to guide you through a seamless mortgage application process tailored to your needs.
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What is a Mortgage?
A mortgage is a financial arrangement that enables individuals to purchase real estate, typically a home, without having to pay the full purchase price upfront. Instead, borrowers secure a loan from a lender, often a bank or a mortgage company, to cover the cost of the property. The borrowed amount, known as the mortgage, is then repaid over an agreed-upon period, usually spanning several years.
What makes a mortgage unique is the use of the property itself as collateral. This means that if the borrower fails to make the required payments, the lender has the right to take possession of the property through a legal process known as foreclosure.
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