COLORADO SPRINGS, Colo., July 9, 2014 /PRNewswire/ -- Leading personal finance website GOBankingRates recognizes its client Ent Federal Credit Union's new $500 mortgage closing guarantee. Ent, Colorado's largest credit union and the largest local financial institution in the Pikes Peak region, promises to close its borrowers' mortgages on time – or they'll be credited $500 at closing. GOBankingRates seeks to spotlight stand-out loan and interest rate specials that local financial institutions provide for their members.
Ent's goal of the guarantee is to allow both first-time buyers and those buying their next home to focus on moving – not on their loan closing schedules.
"We realize that, for most people, buying a home isn't something they do very often," said Jon Paukovich, Ent's vice president of Mortgage Lending. "Even for members who have purchased a home in the past, the process may feel somewhat unfamiliar due to the changes caused by recent mortgage regulations. We want to help borrowers and realtors feel more confident during their home buying experience by taking some uncertainty out of the process."
Key terms and conditions:
- This guarantee is based on the mortgage loan closing date provided in the original sales contract.
- The offer is only available on purchase mortgage loans with closing dates a minimum of 30 days after the original contract is signed.
- The credit will be paid on the HUD 1 settlement form upon closing.
"Any concerns about closing a mortgage should be reserved for the experts," said Casey Bond, managing editor for GOBankingRates. "By offering its members a solid timeline they can depend on – and backing up that offer with cash – Ent makes the home-buying process as simple and painless as possible."
Ent Federal Credit Union, established in 1957, is a not-for-profit, community-chartered credit union based in Colorado Springs, with more than $3.9 billion in assets and over 234,000 members. Membership is open to businesses or individuals living or working in Denver, El Paso, Pueblo and Teller counties, as well as select communities in Weld, Adams and Arapahoe counties. For more information, visit Ent.com.
GOBankingRates.com connects consumers with the best credit unions, banks and interest rates nationwide, aggregating over 11 million rates from more than 6,000 institutions.
Media Relations, GOBankingRates
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