COB provides a number of Home and Mortgage Loans to assist in financing your dreams surrounding owning and furnishing your own home.
COB provides a number of Home and Mortgage Loans to assist in financing your dreams surrounding owning and furnishing your own home.
They say there’s no place like home.
COB understands the importance of owning your own home. From mortgages to home improvement loans, we make home ownership easy.
We will help you achieve your goals, and make your dreams a reality!
So you have found the complete package in the right neighborhood. Team COB will help you close the deal. You’re one step away from fulfilling your dreams. The Borrower is entitled to the release of the charge against the property mortgaged upon repayment of the principal and the interest.
We don’t want you to just build a house, we want you to create memories. Our Loans team will guide you every step of the way. What are you waiting for?
Who says getting older is no fun. As your home ages let’s help you make those changes that brings added style and value. Easy terms and excellent service. Our winning combination.
Right Avenue, great price, all it takes is your signature. Let Team COB help you make more possible with our fantastic land loan product.
The documentation required to apply for each type of home and mortgage loan is outlined below:
Any salaried, self-employed professional or any Public sector employee who is a C.O.B Credit Union member, is eligible for a home loan.
Maximum age of applicant at loan maturity: 65 years
Minimum Net Monthly Income: $1,500
A credit check will be carried out to make sure you qualify.
Home & Mortgage Loan FAQs
A Mortgage is a legal relationship having consequences in law. It is a contractual arrangement enforceable at law. It is a document governing the relationship between lender and borrower,
The fees include:
The wait may be due to the important searches such as:
Good title is obtained by having:
The mortgagor can be the owner of the property or the legal representative of the owner. The owner must be able to support a claim to the ownership by producing evidence of title.
The consequences are that:
There is an assessment process. If lending is approved you may be called on the same day or at least the following day.
In the case of mortgages the disbursement of funds is done in a phased manner and ensures the proper management of your project
For loans approved during the 1st and 10th of the month, repayment is the end of the current month. Repayment will commence at the end of the following month on all loans approved after this date.
Certainly. Interest is calculated on the balance as it reduces. It is therefore to your advantage to reduce the balance owed.
Apply for a Home/Mortgage loan online, provide your details below in the application form and a representative will get back to you.