First-Time home buyers
The decision to purchase a home is the single biggest financial decision most people will ever make. It can be daunting, with so many decisions and so much money at stake. Mennonite Trust Ltd. can help make it easier however, with competitive interest rates and first-class service that lasts the whole time you are a client.
First-time home buyers often start looking without even knowing how much house they can afford. One of the most common traps is that of buying a home that they can barely afford. This is tempting, but very risky. What happens if your family income decreases? What happens if interest rates go up? Even if neither happens, have you looked at what those payments will do to your budget? To your ability to shop, or eat out, or even buy furnishings for your home?
Mennonite Trust Ltd. can help; our mortgage specialists will run through some of the common costs of home ownership you may not know about, and we will encourage you to take a close look at what kind of lifestyle you want along with your home.
Mennonite Trust Ltd. can get you into a home for as little as 5% down (the minimum allowed by Federal Law) – call us today to see how affordable home buying is.
Not your first time? We can help you too
Are you in a home that’s too small, or too big? Are you looking for a fresh start in a new home? Mennonite Trust Ltd. can help you, with competitive rates and special options for your situation.
Did you know that if you put down at least 25% of the value of your new home, you can avoid having to purchase mortgage insurance, which benefits the lender and not you? This can save you thousands of dollars.
Do you need to move before you’ve sold your current home? Mennonite Trust Ltd. can help, with interest-only payments until you’ve sold your current home, to make life a little more bearable while you have two houses.
Perhaps you are looking for a second home? A rental property, or one for your adult children, or a summer home? One option here is to get a line of credit on your current home that covers the 25% down on the second property, thus allowing you to save thousands of dollars in insurance.
Are you looking to build your dream home? There are thousands of tasks that need to be juggled, from contractors and permits to flooring choices and kitchen layout. One thing that you don’t need to worry about with Mennonite Trust is how the bills are going to get paid.
Unlike some other lenders, Mennonite Trust will pay most bills as they come in, not only at certain stages in the building process. Simply bring the bill into our office and we’ll pay it directly – leaving you free to see to your dream home.
Contact Mennonite Trust Ltd. today to find out why our builder’s mortgage clients are so thrilled.
Are you looking for financing options for that new car, boat, or RV? Or perhaps you are looking for funds for a vacation, or to pay down credit cards? Mennonite Trust Ltd. can help, with personal loans based on the value of security you have to offer.
The Difference Service can make
The interest rate is important – it is your money after all that is spent on paying that interest. But savvy buyers also know that the price isn’t the only factor that should be considered. Almost as important is who you are dealing with. Are you dealing with someone who shares your values? Are you dealing with an institution that is going to work with you, or simply foreclose the first time life hands you something unexpected?
Mennonite Trust Ltd. takes an old-fashioned approach to lending and customer service. We don’t sell our loans to anyone – we manage each and every client personally. If you run into problems, Mennonite Trust will make every effort to find a solution that keeps you in your home. We are a local company with many ties to the community, and we don’t want our clients to fail any more than they do.
At the end of the day, who would you rather be doing business with? If your answer is the local company on your side, call Mennonite Trust Ltd. and we’d be happy to meet with you and run through your options.