Home Loans
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How Much Will I Need for a Down Payment on a House and How Can I Accumulate It?
Down Payment for Your Future Home When it comes to owning a home, there are...
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Getting Preapproved with RCU
What’s a preapproval? Getting preapproved means you've been approved in advance by a lender for...
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Take the First Step Toward Home Ownership
Buying your first home is exciting, but it doesn’t have to be an overwhelming process. From preapproval to closing day, RCU is here to help with every step of your first home purchase.
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Should I Buy a House Now?
Q: I’ve been saving up for a down payment with plans to buy a house...
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All You Need to Know About HELOCs
If you’re a homeowner in need of a bundle of cash, look no further than...
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7 Steps To Go From Home-Buying Novice To Real Estate Pro
Feeling overwhelmed? Stop! Take a breath and review these steps. We’ve broken the home-buying process down into a simple and easy-to-read format.
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What’s in a Mortgage Payment?
We know the home loan process can be overwhelming, especially if you aren’t familiar with...
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Adjustable or Fixed – What’s the Best Mortgage Option?
Looking to purchase or refinance a home? We can help you choose the mortgage loan...
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5 Questions to Ask Before Choosing a Mortgage
To keep yourself safe from misleading advertisements and dishonest lenders, ask these 5 questions before...
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Your Reverse Mortgage Questions Answered
In 2007, RCU created a strategic partnership with Alliance Reverse Mortgage to ensure our members...
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which changed the deferment period from 6 months post covered period to 10 months post covered period. For example, if your covered period ended June 30, 2021, under the new guidelines the earliest your first loan payment wouldn’t be due until April 2022, and you have until then to request forgiveness. Please use the following calculation to help you identify when your forgiveness will be due:
- PPP borrowers may select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is automatically calculating your loan due date based on a 24-week covered period, if you intend on using a shorter covered period please inform us immediately as this will impact your due date.
- Your correct deadline will be reflected in your online banking account.
If all or part of your PPP loan is not forgiven, your first loan payment will be due the first of the following month after a decision is made by the SBA.
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