Shopping for a Mortgage?
Check out what NTSCU has to offer first!
NTSCU and eight other Illinois credit unions have formed a mortgage company, CU/America Financial Services, Inc to serve credit union members better. CU/America offers many different mortgage products to fit individual needs. The interest rates are highly competitive, the fees and costs are low and the service is outstanding.
CLICK HERE FOR MORTGAGE CALCULATOR 
Please contact Todd Kaufmann at 847.675.6610 or e-mail him at todd@ntscu.org
Todd can prequalify you for a mortgage in as little as fifteen minutes, over the phone! Once you are prequalified, you have a better sense of what you can afford. And the prequalified status tells sellers that you are a serious shopper. It can give you the advantage you need in a bidding war against another shopper!
Call NTSCU at 847.675.6610
NTS Credit Union - Illinois Mortgage Licensee - NMLS# 409351
Todd Kaufmann - Illinois Mortgagee Licensee - NMLS# 624014
If you are calling around and comparing mortgage rates, make sure you are comparing apples to apples. Most mortgage companies publish the very best interest rate and points possible. They then add to the rate and /or points when your loan does not fit the mold.
For example, the rates you see in the Sunday paper are for “immediate delivery” which means that the rates being quoted are for loans that are approved and are ready to be closed. In addition, the published rates may charge a 1 point origination fee. That’s 1% of your loan amount, so the rate is not truly a 0 point rate. Also, the rates published may be for a certain loan amount, usually $100,000 or higher. If your loan amount is lower, the rate gets higher. Finally, the rates published in the newspaper have to be called in that Tuesday. A lot can happen to rates between Tuesday & Sunday.
Remember to consider other important issues in addition to rates. For instance, compare fees and costs for obtaining the mortgage, find out whether or not the servicing of your loan will be transferred or sold, and, of course, consider the issue of SERVICE. Sometimes a slightly higher interest rate is worth the money if you can easily get answers to your questions and are kept abreast of how your loan is progressing.
