Want to pay off an existing long term loan? How about a new 15-year fixed rate mortgage? CPCU can help with our low 4.00% APR*. Now is a great time to refinance or finance a home!
• No origination, processing or application fees
• No points
• Up to 90% financing available
• No PMI
• No Pre-Payment Penalties
It's easy to apply! Interested in Other Options/Mortgages? Contact us for current terms/rates!
Call: (800) 865-0445
Come by: Your local CPCU branch
Meet our "Joe Knows" Mortgage TEAM!
Our "Joe Knows" Team of Mortgage Officers have over 75 years total of lending experience! Joe, Lindsay and Maddie are here to help you choose the best options in mortgages for you and your family.
Whether you are looking to purchase your dream home or refinance it from another lender, CPCU has a full range of mortgage products to meet your needs. With the "Joe Knows" Mortgage team on board to assist you - we are committed to making your mortgage experience enjoyable and efficient.
CPCU Mortgages - what's so different?
- NO Points
- NO Origination Fees
- NO Application Fees
- NO Pre-payment Penalties
- NO PMI
How is that for a great deal?
Variable Rate Mortgages
Initial fixed monthly payments (usually lower than the Fixed Rate Mortgage)
Rate and payments are subject to change after initial fixed period
30 year amortization
No pre-payment penalty
Join CPCU - Click Here
Mortgages - Joe Knows!
If you're like most Americans, the news these days has left you with many questions about mortgages: What's going on? Whom can you trust? What types of mortgages are "safe"?
Whether you're upgrading or just starting out, Joe Knows Mortgages. He can tell you about variable rate mortgages, FHA mortgages, and conventional rate mortgages - and determine with you what loan would work best for your financial goals.
Call Joe Jones, CPCU Senior Mortgage Loan Officer today at 704.392.3418 ext 245 or email him by clicking here. You may also call 1-800-865-0445. He's ready to hear from you!
The Home Team: Who you meet when buying a house
Buying a house is often the largest financial transaction that you'll make. You can negotiate the process solo, but having a team of qualified professionals might be a better choice; they can provide valuable advice and experience. These are some of the common house-buying teammates.
Real estate agent/broker
Brokers are licensed to run their own real estate business, while agents work for a broker. A real estate broker or agent identifies prospective houses, helps negotiate the contract, and makes sure inspections and other details are taken care of. Brokers and agents are paid on commission by the seller--usually between 5% and 6% of the final sale price. Sites like arello.com and realtor.org can help you find a licensed agent, but don't discount referrals from people you trust, and always look around to find an agent you're comfortable with.
Mortgage loan officer/broker
Both mortgage loan officers and mortgage brokers can help you secure financing to purchase your house. The main difference is that a loan officer works directly for a financial institution, whereas a mortgage broker is an independent contractor who shops around to find the best mortgage.
Brokers work on commission, so their fee will be a percentage of the overall loan. Loan officers, on the other hand, work for financial institutions which often have a set fee structure. Before committing to either one, do your own research so you know the going rates. Then use whichever option will get you the best deal. Check with your financial institution for a loan officer, or visit namb.org to find a broker.
House appraiser and inspector
An appraiser estimates the house's value, making an appraisal a critical factor in obtaining a mortgage. A house inspector will do a thorough property inspection on your behalf to identify issues and defects. Having the house inspected before purchasing isn't required, but it is advisable. Visit sites like appraisers.org and appraisalinstitute.org to find appraisers, and ashi.org and nahi.org to find inspectors.
The title company checks the title to make sure there are no issues that need to be resolved before signing. They also issue title insurance to protect everyone's interests. A good title company is important because they coordinate with all parties to close the transaction and help you buy the house. Visit alta.org and check with your financial institution, as they may offer title services.
Homeowners insurance is usually required to get a mortgage--an advisable move that protects your investment. An insurance agent or company will work with you to get the right coverage. You can check with your current insurance agent, or visit naic.org to find one.
Bottom line: In the U.S., the median price of an existing single-family house was $173,200 in 2009. Buying a house is a big deal and it all starts with having the right team in place.
Stats Pending home sales in the U.S. increased by 15.5% from November 2008 to November 2009. Source: realtor.org
$777 was the average monthly payment for first-time homebuyers in the U.S. in the third quarter of 2009.
brass|MEDIA Inc. licensed content is provided with the understanding that the publisher, copyright holder and organizations distributing the magazine are not rendering investment, financial or other professional advice. Investment and other financial decisions depend on each reader's individual facts and circumstances. You should not make decisions based on information contained in licensed brass content without the advice of a qualified professional. By: Andrew D. Kuhn--Royal Oak, MI
Charlotte (704) 392-3418 - Winston-Salem (336) 723-1024
High Point (336) 882-3926 - Greensboro (336) 292-8340 - Hickory - (828) 328-4529
Toll Free (800) 865-0445
*APR = Annual Percentage Rate. Rates and terms subject to change without notice.
Payment examples below are for principle and interest only. Amount does not include taxes or insurance.
30 yr. fixed mortgage payment example: With an interest rate of 7% APR, monthly payment would be $666 on $100,000 loan.
15 yr. fixed mortgage payment example: With an interest rate of 6.75% APR, monthly payment would be $886 on $100,000 loan.