Premier Source Credit Union offers a variety of real estate loans at favorable rates. You can count on a smooth application process.
Whether you are building or buying a home or remodeling or expanding your current home, Premier Source offers a Mortgage you need at terms you can afford.
Our Mortgage underwriting partner is Members Mortgage, a Massachusetts company that exclusively serves credit union members.
For more information or to apply for a Mortgage, use MortgageClick®, our full-service online Mortgage approval tool, or contact us.
With MortgageClick®, applying for a Mortgage has never been easier. Through our partnership with Members Mortgage, Premier Source Credit Union offers online Mortgage application and approval 24 hours a day, plus many other helpful features to help you evaluate your options, estimate payments, check rates and more.
If applying online does not appeal to you, you have nothing to
worry about. We still have the
same dedicated Mortgage team ready and waiting to answer any of
your questions and help you though the process in person. Please contact
us.
If you're facing major expenses or just want to consolidate debt, borrowing with a Home Equity Line of Credit or Home Equity Loan may be the smartest financial move you can make. With low rates , home equity financing with Premier Source Credit Union can help you manage financial challenges, improve your home, and improve your life. Interest may be tax deductible up to certain limits. Check with your tax adviser to be sure.
| Home Equity Line of Credit | Home Equity Loan |
|---|---|
| Flexible payment - Pay the minimum amount due or the entire balance. | Fixed payment - Pay a predictable monthly payment. |
| Flexible terms - Annual Percentage Rates (APR) are variable at the current prime rate and may not exceed 18.00%. The maximum loan amount is 80% of the appraised value of your home, minus any outstanding liens. There is a 10-year draw period with an additional 5-years to repay. | Fixed terms - Pay a low, fixed interest Annual Percentage Rate (APR) for up to 10 years. The maximum loan amount is 80% of the value of your home or $200,000. (Sample payment information: The cost of $1,000 borrowed at 6,24% for 10 years is $11.22 per month.) |
| Borrow only what you need - Write yourself a loan with convenient checks to access your line of credit whenever you need it. | One lump sum advance - Appropriate for managing large expenses when the amount needed is known in advance. |
Both Home Equity Loans and Lines of Credit offer optional payment protection insurance to provide the added security of knowing that your loan payments will be made in the event of death or disability.
To learn more about Home Equity Lines of Credit, click on this link.
As a Premier Source Advantage Club member, you will save even more money on our already low loan rates. Just combine Direct Deposit with a Checking account and one other account (other than a Share Savings account) or loan, and we will take 1/4% off all your future loans (except Mortgages).
