First Mortgage Loans

With Banner Federal’s online mortgage application, you can apply for your next home loan or refinance anytime – day or night! When you apply, you’ll get a decision instantly! If you’re searching for a new home, go to that open house knowing that you can afford to make an offer. Let your realtor know that your home loan is pre-approved through Banner Federal Credit Union! If you’re interested in refinancing your home, get started today and learn about the many programs Banner Federal offers!

Not ready to apply? We’ve got the resources to get you ready!

 · Research loan options – Use our large group of Frequently Asked Questions

 · Keep an Eye on Rates – With Rate Watcher you’ll get email rate updates

 · Calculate Payments – Know what you can afford with our handy loan calculators

 · Learn About Closing Costs – Estimate how much cash you’ll need to close

Click on this link http://centennial.mortgagewebcenter.com/Default.asp?bhcp=1 to access this useful information, then contact a Banner Federal Mortgage Loan Representative, or apply online now at www.centennial-lending.com! It’s that easy!

Second Mortgage and Home Equity Programs

Let Your Home’s Cash Value Work For You

A second mortgage or home equity loan can save you hundreds of dollars a year in interest because the rate is often much lower than credit cards, personal loans, auto loans and other forms of borrowing. The interest you pay is tax deductible in most cases (always check with your tax advisor). It’s the only form of consumer credit with this tax benefit. You can borrow as little as $5,000 and up, if you qualify. Unlike auto loans, student loans and many other loan options, you can use the money any way you choose. Let us show you how simple it can be. Call Banner Federal Credit Union at 602-254-5291 extension 202, today.

Equity Loans are based on the equity in your home. Equity is the difference between the current value of your home and your existing mortgage balance. So if your home is valued at $300,000 and the mortgage balance is $200,000, your equity is $100,000.

To determine your home's equity value use Value Check Inc. Our web based home evaluation program. There’s no charge for this service

At Banner Federal, you can borrow against your equity and use the cash on any number of types of expenses. You can use your equity to:

• Pay off nagging credit card bills, leaving a payment at a lower interest
• Major purchase like a room addition or swimming pool
• Education expenses, tuition, or a special vacation

The finance charges on the home equity loan may be tax deductible; consult your tax advisor for details.