Home Mortgages Resource Center

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As retail banks try to make themselves nimble and more digitally adept, many overlook the contact center. These operations, known for their long rows of employees wearing headsets, have long been thought of as a cost of doing business, not as a key pillar of the retail bank of the future. Although bank contact centers now interact with customers across multiple channels, they still handle most transactions with customers by telephone, a technology invented in the 19th century.A mortgage is a debt instrument, secured by the collateral of specified real estate property, that the borrower is obliged to pay back with a predetermined set of payments.

Individuals and businesses use mortgages to make large real estate purchases without paying the entire purchase price up front. Over many years, the borrower repays the loan, plus interest, until she or he owns the property free and clear. Mortgages are also known as "liens against property" or "claims on property." If the borrower stops paying the mortgage, the lender can foreclose. They are a form of incorporeal right.

With a mortgage, the home buyer borrows money from a lender. Those monies are then used to purchase a portion of the home. The remaining portion of the home purchase is paid by the buyer.

  • How does it work?
  • How to start it?
  • What are the home Improvement Financing Terms

Buying a home is so hard, they should make it an Olympic event. It’s not just the paperwork; it’s the terminology, the fees and the number of people involved. It’s natural to want to agree to whatever, sign everything and just get through the process as fast as you can.

Refinancing a mortgage, step by step. Set your goal. Reduce monthly payments? Shop for the best mortgage refinance rate. Keep an eye on fees, too. Apply for a mortgage with three to five lenders. Choose a refinance lender. Lock your interest rate. Close on the loan.




View our 2017 financial prospectus brochure for an easy to read guide on all of the services offer.