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Applying for a Mortgage
Getting a mortgage can seem like a complex process, but Croghan Colonial Bank is here to guide you every step of the way. With four key milestones, we handle most of the heavy lifting, so you can focus on what’s important—preparing to move into your new home and saving money.
Simplifying Your Mortgage Journey
Getting a mortgage doesn’t have to be overwhelming. At Croghan, we break down the process into clear, manageable steps. From determining how much you can borrow to the final funding, we guide you through every stage to ensure a smooth home-buying experience.
Prepare with Ease
The mortgage application process requires specific documents to ensure your loan is approved quickly and efficiently. We've created a comprehensive checklist to help you gather everything you need, so you can avoid unnecessary delays and reduce stress.
Speed Up Your Approval
At Croghan Colonial Bank, we provide expert guidance to help you get approved quickly. In addition to working with our team, there are several key steps you can take to streamline the process and ensure a faster loan decision.
Determine Your Budget
Knowing how much you can afford is an essential part of the home-buying process. We provide helpful tools and resources to assess your budget, ensuring that you make informed decisions that align with your financial goals.
Steps for Buying Your Home
Whether you’re a first-time homebuyer or experienced, understanding the basics of the home-buying process will help you make confident decisions. From choosing a mortgage to closing the deal, we provide the resources you need to successfully navigate the home purchase journey.
Understanding Your Closing Costs
Closing costs can be a significant part of the home-buying process. We explain the different types of closing costs and provide resources to help you budget for them, so you’re fully prepared when it’s time to close on your new home.
Explore Your Options
Refinancing can be an effective way to lower your mortgage payments or change the terms of your loan. Croghan Colonial Bank offers expert advice and refinancing options that can help you save money and meet your long-term financial goals.
Understanding Private Mortgage Insurance
Private Mortgage Insurance (PMI) can be required when you have a smaller down payment on your home purchase. We explain what PMI is, when it’s needed, and how it can impact your mortgage payments.
Managing Your Escrow Account
An escrow account helps manage the funds for property taxes and insurance premiums. We provide clear information about how escrow accounts work and how they can benefit you during the life of your mortgage.
Prepare with Ease
Home Buying Costs & Considerations
Buying a home is an exciting step, but it comes with financial commitments that can feel overwhelming. At Croghan Colonial Bank, we believe that understanding the costs involved is key to making informed decisions that set you up for success in homeownership.
It’s important to prepare for all aspects of homeownership. By knowing what to expect financially, you’ll feel more confident and ready to make your home buying experience as smooth as possible.
That’s why we’re here to help you navigate the costs and considerations that come with buying a home. From understanding down payments and mortgage payments to anticipating closing costs, we provide you with the tools and knowledge to make sure you’re financially prepared for this big step.
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Important Legal Disclosures
*All loans are subject to credit approval.