We pay interest on reserves Most financial institutions avoid paying interest on the funds they are holding to pay your taxes and insurance. We feel that if we are holding your money, we should be paying a reasonable rate on those funds. This could amount to several hundred dollars over the life of your loan. Other financial institutions treat your loan as a commodity that can be freely sold and resold. We know that your home is likely the biggest investment you have and we are committed to keeping your loan right here.
Some restrictions apply.
Please check with our Mortgage Department for details. At America First Credit Union, we don't charge our members exorbitant fees. When three payments are due in one month, we allow you to call us and cancel one of the half payments, so you have that money available for other uses. Should you ever decide you no longer want to remain on the bi-weekly program, just notify us. We allow you to return to regular monthly payments.