Cinfed Mortgages:
Make Finding A New Home Fun And Easy.

Feeling great about your home starts with being confident about your finances. The Federal Home Loan Mortgage Corp., better known as “Freddie Mac,” created an online course that takes you through the process. “Homebuyer U” answers many of your questions and concerns up front — and since knowledge is power, it increases your confidence and peace of mind! 

First time home buyers working with Cinfed Mortgages are required to take the course and provide the certificate of completion prior to mortgage loan approval. With all the recent changes in residential real estate, those who haven’t been through the homebuying process in a few years would also find the information helpful. Since it’s an online course, you can proceed on your own time at your own pace.

Feel free to reach out to the Cinfed Mortgage Team for personal answers to any questions.

Questions about other topics related to your personal finances? Visit the Cinfed Financial Education Center for free information, 24/7.

You can get a tailored mortgage program that addresses the challenges faced by most first time buyers. Avoid the expense of private mortgage insurance (PMI) and set affordable monthly payments with a 5-year adjustable rate, with only 10% down payment required. Typically, this is a good fit for people who:

• Plan to purchase a home for the first time
• Have not owned a home within the last 3 years

Our common sense underwriting program that gives your monthly budget the flexibility it needs during your transition to a new home with 12-month, interest only payments. Typically, this is a good fit for potential homebuyers who:

• Found a new home before listing their current home for sale
• Have not yet completed construction on their new home
• Need to use the equity in their existing home to purchase a new home

A Construction Loan is used to finance the building or major remodel of your home. Once the construction is complete, your loan is then converted into your new mortgage.

Renovating your house is an exciting opportunity to make your home just the way you like it and improve its market value. If you plan to make changes to your current or new home, exceeding $30,000, then a Cinfed Renovation loan is the perfect choice.

Use the value in your home as collateral to secure a revolving line of credit. Functioning similarly to a credit card, you will be able to use any amount up to the amount initially agreed upon. Choose if you plan to:

• Make repairs or upgrades to your home
• Pay down debt
• Purchase another property

Refinancing is perfect if you're interested in acquiring a lower rate, wanting to shorten loan terms, change lenders, or cash out to consolidate. Others may have recently divorced and want to remove the spouse from the mortgage, or just simply change the interest payback structure. Refinancing may be a good fit if you want to:

• Lower your interest rate or change loan terms
• Use equity to make purchase or renovation
• Consolidate debt

We take pride in making the home building process easy for all parties involved. We've compiled a simple list to get you started with all of the documents you'll need to provide as a builder. 

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