Riverview Credit Union, Ohio
Mortgage Loans
Finding the perfect home can be a trying experience. Let Riverview Credit Union, partnering with myCUmortgage, help with a full line of mortgage products available to our members. Let us assist you with purchasing your new home or refinancing your existing loan.
myCUmortgage Offers:
- Fixed Rates
- Arm Loan - Adjustable Rates
- Cash Out Refinance
- Duplexes
Closing Cost
Typically, closing costs will vary from $2,000 to $2,500 (not including escrow for taxes and insurance) depending on the type of loan and price of the property.
What is Private Mortgage Insurance (PMI)?
PMI or Private Mortgage Insurance is required on any loan with less than a 20% down payment.
What is Escrow?
Escrow is a monthly amount collected for insurance and taxes in order to cover the next tax or insurance bill that is due on your property. This amount is added into your mortgage payment to help you save the money for the insurance and taxes.
