The drive-through Massena Savings and Loan offer a very unique way to obtain a mortgage. The bank can direct you to several lenders willing to compete for your business and you can apply from the comfort of your own home. This is convenient if you don’t have time to shop around. If you have bad credit or bankruptcy in your past, you can still obtain a mortgage with this type of loan. You will be approved as long as you have a job and proof that you make enough money each month.
One disadvantage of applying for this type of mortgage is that you cannot use some of your other assets as collateral. If you are looking at an IRA account type minimum balance rate, you will not qualify for a drive through Massena Savings and Loan. You will want to research other options to get the mortgage you need to get your home. If you already have an existing mortgage, you can consider refinancing with this bank. Talk with your financial advisor to see if this would be a good option for you. If you do decide to refinance, there are some fees associated with the process you will want to familiarize yourself with.
When you start to apply for a massena savings account you will have to provide a few things. Some of the information that you need to provide is personal information. You will need to tell the bank how you want your account set up, how much money you have in savings and what your income is. You will also have to tell them about your current property. If you do not tell them the value of the property then they will not be able to provide you with any information on what your current property tax bill is.
Once you start to complete your application, you will need to give them access to your tax return, bank statements, employment verification, social security card, and so forth. When you have all of this information ready and available to them they will start to run credit checks on you. This is done to make sure that you are who you say you are and that you are not trying to defraud them.
The next step is to sign the paperwork and transfer the money into your new Massena Savings Account. Once you have successfully signed your documents, you will need to wait for a confirmation from the bank. They will send you an email indicating that you have accepted their offer. You will then receive a debit card with the funds in your account. Make sure you keep the money in your account until the due date and you will receive your first check in a couple of weeks.
One important thing that you should know before signing up for a Massena Savings And Loan is that there may be some account fees and charges associated with your account. Find out exactly what these fees are. Also find out if the bank has any other fees or requirements that you should be aware of.
Now that you have accepted the loan make sure you remember to cancel your old checking account. If you do not the loan officer will give you a chargeback notice. He may also ask you to open a new account at another financial institution. Be sure to follow these instructions or you will be charged additional fees.
Always make sure that you only borrow what you can afford to pay back. It is best to only take out a small amount of money and use it for emergency purposes. Once your account is closed you will lose your money. If you do not manage your money well and do not borrow more than you absolutely need, then you will not have to worry about losing all your money.