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Advantage Mortgage
The Advantage Mortgage is a Sharonview exclusive adjustable rate mortgage (ARM) designed to save members hundreds, even thousands of dollars over a “traditional” mortgage. Adjustable rate mortgages offer a lower initial interest rate and therefore a more affordable monthly payment than a fixed-rate mortgage. The trade off is that the interest rate can change and the monthly payment will go up or down accordingly after the initial fixed rate period. However, rate caps protect you from large payment swings during volatile rate environments.
Sharonview’s Advantage Mortgage offers:
- Very competitive rates and terms
- No closing fees, no application fee, origination, processing or documentation fees*
- No PMI (Private Mortgage Insurance) required
- Interest only payments and jumbo mortgages (max loan amount $1 million) available**
- Finance up to 95%** LTV on purchases and refinances
- Financing available on owner occupied single family residence (including condos and town-homes), second/vacation homes, and mobile homes (de-titled and on a permanent fixed foundation with axle and tongue removed.)
- Personal attention and customized solutions to best meet your needs
*Some third party charges and interim interest may apply. Savings based on bankrate.com 2008 average closing cost studies for NC and SC, based on a $200,000 loan amount.
**subject to credit approval
We’re here to make it easy for you - with an easy application process, flexible credit qualifications, and low documentation required. To apply or get more information:
- Click here to complete a secure online application.
- Contact us by email
- Call us at 704-969-6700 x6982 or 800-462-4421 x6982
- Visit your nearest branch
- For mortgage rates, click here
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Federally Insured by NCUA. Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.