SharePoint's Freedom Mortgage loan is designed to help homeowners pay their home off faster. It is a smart solution for homeowners who have delayed refinancing their higher-rate mortgage due to the unknown closing costs typically associated with refinancing a mortgage.
|Freedom Mortgage Loans|
|Effective Date: Monday, January 21st, 2019|
|Name||APR as low as*||Term|
|Freedom Mortgage (Eight years or less)||4.49%||96|
|Freedom Mortgage (9-12 years)||4.74%||144|
*APR=Annual Percentage Rate. Subject to approval and income verification. All posted rates are as low as and may vary, subject to your credit history. Additional loan rates and terms are available. Contact a SharePoint Credit Union Representative for details.
**As low as 4.49% APR is for a term up to eight years. Rates and terms subject to change. Maximum Loan-To-Value = 80%. SharePoint Credit Union must be in the first lien position. Property must be the primary residence or a non-investment vacation home located in MN or WI. Maximum term is 12 years. Closing costs will vary based on loan amount, appraisal requirement, geographic location, and title examination findings. For loan amounts of $25,000 to $150,000, costs will typically range from $375 to $1,300 including an appraisal if one is required.