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Peoples Home Equity

October 15, 2022

Whether you’re buying a home or planning to refinance, you deserve excellent mortgage advice. Mortgage advisors are local leaders who not only care about your short- and long-term financial goals, but have the tools and knowledge to help you achieve them. Through their compelling combination of products, processes, technology and people, they transform our customers into happy homeowners.

Flexible product
Tailored to your needs. You have a wide variety of loan options that are flexible enough to handle even the most unique financial situations.

Product Their process
Designed just for you. Investing in streamlining and improving our process allows mortgage advisors to invest more time with you.

Frequently Asked Questions

What is a mortgage loan?
A mortgage is another term for a home loan. Mortgage loans are designed to help people buy a property or build a new home where they already have one. When you take out a mortgage loan, you borrow from a financial institution with a commitment to repay the loan over time. It is a safe home equity investment that can help people achieve their goals and dreams of owning a home.

What is my monthly payment?
Your monthly payment depends on several factors. Every mortgage payment is made up of four main costs: principal, interest, taxes, and insurance (also known as PITI). Let’s break it down:

The principal is the loan amount you borrowed, then the balance over the loan term.
Interest is the fee you pay to borrow money, expressed as a percentage.
Tax is the property tax you pay for your home. These are set by the local government.
Home insurance is required. Tariffs are set by your health insurance company.

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