Frontwave Briefing | Second Quarter 2019

Briefing Value lasts a lifetime. Frontwave Credit Union Member Newsletter | Second Quarter 2019

Our loans are like keys. They open all sorts of doors.

1st Time Home Buyer Frontwave’s 1st Time Home Buyers program makes home buying easy with down payment options as low as 3%, reduced mortgage insurance, and a variety of loan terms. There are even options to help cover your closing costs. Do you need the flexibility of an adjustable rate mortgage? We can do that. Prefer a fixed rate? We can do that too! Refinance If the current value of your home has increased, it may make sense to refinance to get better rate, consolidate debt, or plan a home improvement project. VA Available to eligible Veterans, Reservists, Active Duty personnel, and their eligible spouses. VA loans offer low, competitive rates, no pre-payment penalty, and less stringent qualifications. Often VA loans require no down payment or private mortgage insurance, resulting in lower payments. Borrow up to 100% of your home’s value with a VA cash-out refi. Still unsure of what you can afford? Visit the budget calculator at frontwavecu.com. There you can factor in the sale price, interest rate, mortgage terms and down payment to compute exactly how much you’ll owe on a monthly basis and how much interest you’ll pay over the long haul. Still have questions? Frontwave’s dedicated loan officers are available every step of the way. Give us a call today at 760.631.8717 and let us help make your home buying dreams a reality. * Consult your tax advisor regarding deductibility of interest.

Your crib. Your castle. Your casa. Has a nice ring to it, doesn’t it? At Frontwave Credit Union, we can help you move into your new place with a low-cost home loan. Just as Southern California offers a wide range of architectural styles, we offer mortgages to suit your budget and lifestyle. And just like a friendly neighbor, we go out of our way to make things as easy as possible for you during the application process. We’ve streamlined and updated the entire mortgage process to bring you a faster, more technologically advanced way to finance your home. Let us help find the right loan for you. Fixed Rate Mortgage Our Fixed Rate Mortgage Loans offer the stability of a fixed rate and the flexibility of longer term options. Often, a Fixed Rate Mortgage is preferred by members who plan on staying in their home for many years and don’t want to worry about the possibility of rising monthly payments that might burst their happy bubble. Adjustable Rate Mortgage (ARM) One way to afford a little more house is with a Frontwave adjustable rate mortgage. The initial low rates will keep the lid on your monthly payments for a certain time period. After that, the rate could move up or down. ARMs are a good bet if you think overall interest rates are due to drop, your personal fortunes are bound to rise, or if you simply expect to move on in a few years and start all over again. Choose a loan that offers lower rates for one, three, five or seven years. No pre-payment penalties, and interest on this loan may be tax deductible*

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