Kern County, CA (June 28, 2024) |
Valley Strong Credit Union is excited to announce their new Move Up Mortgage program for Members who currently have a first mortgage with the financial institution. This new program will allow Members to take an average of their current mortgage rate plus the current market interest in order to afford a new home.
The Move Up Mortgage Program is a specialized product designed to facilitate the purchase of a new home by blending their existing interest rate with the current market interest rate. This unique offering enables Members to “move up” to a new home without incurring the higher interest rates typically associated with today’s economic environment.
“At Valley Strong, we understand the challenges homeowners and potential home buyers face in today’s fluctuating interest rate environment,” said Brian Reynolds, Vice-President of Real Estate Lending. “The Move Up Mortgage loan is our way of providing stability and opportunity for our Members. Whether our Members are looking to buy a new home or sell their current one, this loan offers a competitive edge that can make all the difference. We are proud to offer a product that benefits our Members and enhances their homeownership journey.”
In addition, our Members may also pass on this benefit to the buyer of their new home as an incentive to purchase. Overall, the Move Up Mortgage program provides borrowers with a convenient and cost-effective solution for buying a new home while leveraging the favorable interest rate of their current mortgage loan. It offers flexibility, convenience, and savings, making it an attractive option for homeowners looking to upgrade to a new property.
Here is a link to our video to help explain the program: https://we.tl/t-mLtpmmYnnA