| Mortgage Products, Types and Terms |
First Mortgage
Our First Mortgage program can help you buy that dream home or refinance your current mortgage at a better rate*. We have a variety of first mortgage programs, with variable terms and competitive fixed and variable rates. Convenient automatic monthly transfers make repaying your Clearview mortgage worry-free and hassle-free.
Terms available:
10 years
15 years
20 years
30 years
Mortgage Types available:
Fixed-Rate Mortgage
Adjustable-Rate Mortgage
Home Equity Loan*
If you already own your home, make your equity work for you with a Home Equity Loan. Pay your education expenses, consolidate your bills, buy a new car or make improvements to your home - all by using your largest investment - your house. We lend up to 90% of the appraised market value of your home, minus what you owe on your First Mortgage. The minimum amount of a Home Equity Loan is $10,000.
Terms available:
5 years
10 years
15 years
20 years
Equity Plus Loan – Home Equity Line of Credit (HELOC)
Our Equity Plus Loan is a Line of Credit from which you advance funds as you need them for up to five years. It will be amortized over a 20-year period and the rate could change monthly throughout the duration of the loan. Your payments and interest will be calculated only on the amount you use. The minimum loan amount is $10,000, with minimum withdrawals of $100. You have several ways to access this Line of Credit:
At any Clearview branch
Personal Credit Union (PCU) Home Banking
Loandraft Checks
TellerPhone
Overdraft Protection
Home Equity Platinum Line of Credit
This loan works like our Equity Plus Loan, except for the way you access the Line of Credit. A signature or Personal Identification Number (PIN) is required for all transactions. You can access your funds by using any of these options:
Platinum credit card
Convenience checks
At any ATM that accepts Visa®
At any Clearview branch
Land Purchase Loan
We also offer Land Loans to purchase residential land or to secure a loan. You may borrow $10,000-$100,000 for up to 12 years with a 20% down payment. Closing costs vary from state-to-state. Excludes land zoned agricultural.
Borrower Security Program
Even if the unexpected happens, you can rest easy with our Borrower Security Program, a voluntary payment protection program, which includes loss of life, disability and involuntary unemployment coverage. This protection program is available on our Home Equity Loans, at a minimal cost to you.
Closing Costs**
Save money when you close your mortgage at Clearview. We offer up to $500 in reimbursement on our fixed and variable rate Home Equity Loans, as well as our Line of Credit/Equity Plus Loans and Line of Credit/Equity Plus Platinum.
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* | Home Equity Loans are only available in 48 continental states. |
| ** | Closing cost amount will be rebated after you finance a minimum $10,000 in a new Home Equity Loan, add a minimum of $5,000 to the balance of an existing Clearview Home Equity Loan or after a minimum $5,000 initial HELOC advance is made. If a loan is refinanced with another financial institution or paid off within six months of origination, the rebate must be reimbursed to Clearview. Subject to change without notice. |
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