Home Mortgage Department

Home Mortgage Department
The H.C.U. Home Mortgage department was established to provide affordable Financing for our membership and the general public so that their dream home can become a reality.

"We Touch Lives" is our mission statement and this can be reflected within The wide variety of home equity loans offered.

Principal areas of financing:

1.. Purchase of domestic dwelling houses (owner occupied )
2.. Construction of homes (owner occupied )
3.. Renovations & repairs to existing properties
4.. Debt consolidation
5.. Business / corporate venture loans

Visit any branch of the H.C.U. and complete a mortgage assessment form which Will be then perused by the mortgage department to ascertain eligibilty / Qualification based upon the information provided.

Terms & conditions of security:

1.. Freehold property (subject to legal title search)
2.. Leasehold property (subject to legal title search)
(mortgage term must not exceed unexpired lease term)
3.. H.C.U. must hold first mortgage over said property
4.. Life insurance policy (value of mortgage loan principal)
5.. Full comprehensive house insurance
6.. Fixed deposit & investment instruments / share certificates

There are many special & unique features to an H.C.U. home mortgage loan Which are not always available at commercial banks and other finance.

Institutions:

A.. No negotation / processing fees
B.. Optional bridging interest charges during construction
C.. No or limited penalty interest for early loan repayment
D.. Financing up to fifty (50%) percent of property valuation
E.. In-house valuators & home insurance facilities (Bankers Ins. Co.)
F.. Lump-sum installment payments to outstanding loan principal
G.. Free legal & mortgage financing advice

Call the H.C.U. home mortgage department today and discuss your needs with our most dedicated and helpful staff which can minimise costly errors / Delays.

Remember:

Before pursuing any down-payments - house plans or construction costs.

Consult the H.C.U. home mortgage dept. To determine your individual mortgage Loan qualification - other available options; which can reduce the loss of hard earned savings - incomplete projects.