- Provident Launches "Portable Mortgage" Program

Monday, 21st May 2012

home about authors news books xml feed sitemap privacy contact us

There are 12 users online

Mortgages
Agents and Brokers
Commercial Real Estate
General
Home Buyers
Home Furnishings / Interiors
Home Owners
Home Related Services
International Real Estate
Local Real Estate News
Property Maintenance
Property Sellers
Real Estate Education
Real Estate Industry
Real Estate Investing
Real Estate Law
Rental and Income Property
Retirement-Senior Housing

Our Newsletter

Subscribe
Unsubscribe

Voting Poll

If you had $20,000 to spend, which room would you do a makeover on?
	Bathroom
	Family Room
	Kitchen
	Living Room
	Master Bedroom
	Other Bedroom
	Outdoor Kitchen

Other Resources

For other sources of real-estate news, tips, and information, visit our resources page

Submit an Article

Would you like to have your article posted? Click Here

Provident Launches "Portable Mortgage" Program
Added: 06/09/2004 Type: Summary Viewed: 1007 time(s) [ Not Rated Yet ]

How would you rate this article: Bad Good Go »

Printer Friendly Version

Provident Launches "Portable Mortgage" Program

Provident Credit Union recently launched an innovative mortgage program, the Home-to-Home PortableSM Mortgage, which gives homeowners the ability to keep their current low mortgage rate when they move.

One of the first of its kind in the country, this new program does just what the name implies – it enables homeowners to carry their existing Provident mortgage loan rate to their next home purchase. The loan can be transferred not only once, but twice, giving homeowners the edge in the current low interest rate environment.

With today’s low rates and the mobility of Bay Area residents, a Portable Mortgage is suitable for just about everyone -- first-time homebuyers, those who relocate frequently and those who plan to upgrade or change homes in the future.

The Portable Mortgage can be utilized for new 5/5, 10/10 and 5/25 mortgages with Provident and the portability feature is available on moves within California. There are no upfront fees nor is there an interest rate differential for this option. It is available for both home purchases and refinancing and for primary residences as well as second homes.

“With rates on the rise, this is the perfect product for today,” noted Provident VP of Lending David Herrera.

“We are excited to be offering such a unique and advantageous mortgage loan. Once people become acquainted with the Portable Mortgage and realize how it can benefit them, I believe it will become one of our most popular real estate offerings,” added Herrera.

Provident Credit Union is a $1.2 billion full-service financial institution with 16 community branches in the Bay Area and one in Los Angeles. For several years running, Provident has been named Best Real Estate Lender in San Mateo County. The Redwood Shores-based credit union has proudly served the Bay Area for over 50 years. Virtually everyone in the Bay Area is eligible to join the credit union.

For more information about Provident membership, products and services, including the new Portable Mortgage, visit www.providentcu.org or call (650) 508-0300 or (800) 632-4600.

Article Pages: 1

Article Comments

Add Comment |

View All (0)

There are currently no comments for this article.

Advanced Search