IMPORTANT UPDATES: For questions about the IRS Economic Impact Stimulus Payment program, please visit the IRS website.

Due to the SBA's recent communication, PPP applications for businesses have been halted. More info.
On Wednesday, January 29, 2020, Truliant's Mallard Creek location at 3024-B Prosperity Church Rd in Charlotte, N.C. will open with delayed hours. Please check back for updates.

Buying a New Home

  • Find the home that meets your needs and budget
  • Understand your mortgage options and how they affect your finances
  • Turn to Truliant, your trusted financial partner, who can help guide you to the best mortgage solution for your needs and improve your life
  • Details

When you’re looking for your dream home, it's easy to get wrapped up in the details of the house instead of looking at the big picture. It's important to distinguish between what you need and what you want in order to make a smart purchase. Going into the purchasing process with a clear head will help you save time and money while finding the home that best suits you.

Understanding Fixed-Rate and Adjustable-Rate Mortgage Options

You know what you get with the fixed-rate mortgage. You will lock in an interest rate that will never change during the term of your mortgage. If you’re borrowing during times of low interest rates, this is a valuable perk because you’ll pay less money in interest. Another factor to consider with a fixed-rate mortgage is the term. Thirty years is the most popular option because it offers the lowest monthly payment. However, you’ll pay more for your home over the life of the mortgage compared to a 15-year or 20-year term because you’re paying 10 to 15 additional years of interest.

An adjustable rate mortgage (ARM) offers attractive features for some borrowers. The interest rate for these mortgages will typically be fixed for the first few years and then adjust annually over the remaining life of the loan. In the early stages of the ARM, your initial interest rate will likely be lower than the rates offered on a fixed rate mortgage. Depending on market conditions, the rate on your ARM may increase or decrease after the initial fixed rate period ends. It's uncertain, which is why it's important for you to determine that you can afford larger monthly payments if your mortgage adjusts upward.

Once you define your wants and needs, call or make an appointment to speak with one of our trusted representatives. We’ll discuss your individual situation and help you choose the right mortgage with your best interest at heart so you can move into your home sooner, improve your life and reach your goals.

Truliant Provides the Right Solutions to Improve Your Life

(1) Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA / SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. The Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.Financial Advisors are registered to conduct securities business and licensed to conduct insurance business in limited states. Response to, or contact with, residents of other states will be made only upon compliance with applicable licensing and registration requirements. The information in this website is for U.S. residents only and does not constitute an offer to sell, or a solicitation of an offer to purchase brokerage services to persons outside of the United States.CFS representatives do not provide tax or legal guidance. For such guidance please consult with a qualified professional. Information shown is for general illustration purposes and does not predict or depict the performance of any investment or strategy. Past performance does not guarantee future results.