What is a Mortgage Loan?
A mortgage is a loan for which you pledge your home or other real estates as collateral. If you borrow money to purchase a home or other real estate (such as land), BTCU will take a mortgage on that property, meaning that BTCU will have a legally enforceable lien on the property.
In some situations, this would give BTCU the right to foreclose on the property and sell it if you do not make the loan payments as agreed.
Make your home dreams a reality
Buying or refinancing a home can be one of the most important times in your life. That’s why you need BTCU in your corner. We’ll do everything we can to ensure you get a low rate and terms best suited to you.
Visit our Mortgage page for more information.
Categorized in: Mortgage