Introducing Lower Mortgage Rates and Greater Savings at TVFCU
September 16, 2024
When it comes to your mortgage, interest rates can lead to noticeable savings. Securing a lower mortgage rate creates an immediate benefit for homeowners. With a reduction in monthly payments individuals can shift their priorities to investments or savings and with a lower interest rate, more of your monthly payment goes toward paying down the principal balance of your loan rather than towards interest. This reduces the total amount of interest you'll pay over the life of the loan, potentially saving you thousands of dollars.
Finding the right mortgage to fit your needs is important and TVFCU Mortgage experts are here to support you every step of the way. Whether you’re purchasing a new home, refinancing your current mortgage, or investing in a property, a lower mortgage rate can provide the financial flexibility you need. A lower interest rate can make it easier to afford a more expensive home. Since your monthly payments are lower, you may qualify for a larger loan or purchase a home with a higher value, while still staying within your budget.
For those looking to build from the ground up, we offer specialized land and construction loans that can benefit from lower interest rates as well. A lower rate on these types of loans means reduced costs during the construction phase and better long-term affordability once your dream home is complete. These loans provide the flexibility to finance both the land purchase and the construction process, all while keeping your payments manageable.
A lower mortgage rate reduces both your short-term costs (monthly payments) and long-term costs (total interest paid), leading to greater financial flexibility and savings.
Whether you’re considering a fixed-rate or adjustable-rate mortgage, our TVFCU mortgage team is ready to help you find the best fit for all your mortgage needs. With the right mortgage, you can feel confident about your financial future. Contact us today and let’s take the next step toward achieving your goals.
Related Links:
Construction Loans: https://www.tvfcu.com/loans/home-loans/Construction-Loans
Mortgage Calculator: https://mortgage.tvfcu.com/RateCalculators.html
Get started with a mortgage expert: https://mortgage.tvfcu.com/MortgageTeamDirectory.html