Mortgages
The name of NSCU's mortgage product.
What is a CreditMaster mortgage?
Types of personal loans NSCU offers.
What are unsecured, investment and chattel secured loans?
19 years-old.
What is the minimum age to get lending at NSCU?
The minimum down payment for a mortgage.
The length of your signed mortgage/loan contract.
What is a term?
Cannot lend from NSCU unless these are paid.
What are income taxes?
The date members may apply a lump-sum payment without penalty on a closed mortgage.
What is an anniversary date?
The entire lifespan of a mortgage/loan.
What is amortization?
A group of individuals we cannot lend to.
The percentage of the original balance members can pay down yearly.
How much is 20%?
What are Debt Service Ratios? (DSRs)
The payment for our LOC is equal to this.
What is monthly charged interest?
The process of qualifying a mortgage at 2% higher than the given rate.
What is the Stress Test?
There is no penalty for paying off this type of loan.
What is an open loan?
The monthly date Line of Credit payments are due at NSCU.