East Tennessee's Mountain Views

East Tennessee's Mountain Views

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P.O. Box 432

Vonore, TN 37885

865.856.6463

Why Are Home Mortgages So Complicated?

Friday, July 1st, 2016 | Uncategorized | No Comments

Remember when home mortgages were simpler? What’s changed you may ask?

The major reason that home mortgages have become so much more complicated is the regulatory environment that lenders must conform to. But, in addition to the mountains of new federal and state regulations, the lending model has changed as well. And even though it may appear that your bank is lending you their money with which to purchase your new home, the fact is that most banks today are loan originators. That is, they represent a third party lender and are paid a commission for their efforts.

There are a lot of moving parts to a home mortgage today, and while they can’t make the regulations go away, Volunteer Federal, your local community bank since 1974, can certainly make the home mortgage experience far less difficult.

Did you know that:
» Volunteer Federal does not represent any third-party lenders
» All of Volunteer Federal’s loan officers are non-commissioned
» All underwriting decisions are made in-house at Volunteer Federal
» Volunteer Federal only charges one-time closing costs on construction to permanent mortgage loans
» All decisions regarding your mortgage are made locally at Volunteer Federal

If you’re tired of the mortgage merry-go-round, you’re invited to experience the much simpler side of mortgage financing offered by your hometown bank, Volunteer Federal. Also, for all of your personal or business banking needs, Volunteer Federal offers you that full-service experience that you might have thought no longer existed.

Volunteer Federal wishes to thank you for your 42 years of support, which has allowed them to help our community to prosper.

Volunteer Federal
www.volfed.com

108 Main Street in Madisonville
(423) 442-4545

4650 New Hwy 68 in Madisonville
(423) 442-8866

906 New Hwy 68 in Sweetwater
(423) 337-9326

415 Swt-Vonore Rd in Sweetwater
(423) 337-3737

111 Cherohala Skyway in Tellico Plains
(423) 253-3535

1111 Highway 411 in Vonore
(423) 884-6464

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East Tennessee's Mountain Views

P.O. Box 432

Vonore, TN 37885

Email: inquiry@etmv.com

865.856.6463 Local

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