WVFCU FAQs
Mortgage Questions
Can I have my mortgage payment deducted automatically from my checking or savings... [Read More]
No, but if you are buying a home, it is a highly recommended that you obtain... [Read More]
Interest rates are influenced by the financial markets and can change daily-or... [Read More]
We offer many convenient ways to start the mortgage application process:
Call... [Read More]
Yes, there are costs related to processing any new loan application; they can... [Read More]
The time to close will vary, depending on your situation. Once you have been... [Read More]
Points are finance charges paid to the lender as part of the closing costs. ... [Read More]
Virtually all home buyers rely on a mortgage loan to finance a home. Few... [Read More]
A rate lock gives you protection from financial market fluctuations that... [Read More]
It is an evaluation of the property's value. The appraiser visits the... [Read More]
It is an evaluation of the property to find out if there are any problems with... [Read More]
This warranty covers any repair to the structure, mechanical systems, and major... [Read More]
The origination charge is the amount for services performed on the initial loan... [Read More]
This is when you make early or extra payments towards the principal or (amount... [Read More]
Locking ensures that your loan pricing will be unaffected during the lock-in... [Read More]
A homeowners insurance (or hazard insurance) policy covers loss from damages... [Read More]
An insurance policy, that protects a lender and/or homebuyer (only if homebuyer... [Read More]
The fee for locking varies:
You can once a purchase contract is negotiated... [Read More]
Evidence of insurance will be required at the time of closing.