Personal Banking

Freedom Mortgage Loan

SharePoint's Freedom Mortgage loan is designed to help homeowners pay their home off faster. It is a smart solution for homeowners who have delayed refinancing their higher rate mortgage due to the unknown closing costs typically associated with refinancing a mortgage. It also allows homeowners the option to consolidate other debts, like credit cards and vehicle loans, into their Freedom Mortgage, providing an easy way to be debt free faster!

Take advantage of historically low interest rates and know exactly how much refinancing your mortgage will cost. For a low, flat fee of only $599**, financial freedom is closer than you think.

SharePoint's Freedom loan features:

  • Flexible terms between 8- 12 years**
  • Fixed rates as low as 3.25% APR*
  • Low, flat fee as low as $599**
  • Personal, easy service

Take control of your future with Freedom Mortgage, be Mortgage free in 12 years or less. We offer easy, unique solutions to help reach your financial goals; contact us today to get started.

Call: (952) 930-0700
Click: Apply Line
Visit: A SharePoint Branch Location

*APR=Annual Percentage Rate. Subject to approval. All posted rates are as low as and may vary, subject to your credit history. Additional loan rates and terms are available. Contact a SharePoint Credit Union Representative for details.
**Freedom Mortgage: As low as 3.250% APR is for a term up to 8 years. Rates and terms subject to change. Maximum Loan-to-value=80%. SharePoint Credit Union must be in the first lien position. Property must be the primary residence or a non-investment second/vacation home. Maximum term is 12 years. $599 flat fee applies to loans $50,000 and under, $899 flat fee for loans $50,001 to $100,000, $1199 flat fee for loans over $100,000. Payment example: Assuming a $70,000 loan at an interest rate of 3.250% for 8 years, the monthly payment would be 95 payments of $829.05and 1 payment of $828.92. Sample payment does not include taxes and insurance. Property insurance required. Escrow account not available.
Next Steps
Calculators

Type Term APR*
Conventional
15 Year Fixed 3.493
30 Year Fixed 4.193

Freedom Mortgage
8 yrs or less 96 mo 3.500
9-12 yrs 144 mo 3.750

Home Equity
80% LTV 60 mo 3.990
100% LTV 60 mo 5.990
80% LTV 120 mo 4.490
100% LTV 120 mo 6.990
80% LTV 180 mo 5.250
100% LTV 180 mo 9.250

Variable Rate
80% LTV* 180 mo 4.000
90% LTV 180 mo 7.000
*Index: Prime + 2%

*APR = Annual Percentage Rate and is subject to change.


 

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SharePoint Credit Union - 5300 Hyland Greens Drive, Bloomington, MN 55437
NMLS #527701