Fixed-rate mortgages offer rate and payment security because rates and payments remain the same. This makes budgeting easier because you know your mortgage interest rate will not change, regardless of rate increases and changes in the economy.

Adjustable-rate mortgages, or ARMs, typically feature lower rates and payments early on in the loan term. Though rates tend to start lower with an adjustable-rate mortgage compared to a fixed-rate mortgage, it is important to remember that your rate will change down the line and will impact your mortgage payment amount. There are advantages and disadvantages to both, so discuss the right option for your budget with our mortgage experts.

In most cases, your monthly mortgage payments will include other expenses, like interest, property taxes, and homeowner’s insurance, in addition to the amount being paid toward your principal balance.

Your First Harvest Mortgage Loan payments should be made directly to our loan servicing partner, Midwest Loan Services. Access Midwest’s robust servicing platform today to make online payments or set up automatic recurring payments.

Midwest’s online platform offers members the ability to complete common account inquiries at your convenience. Once logged in, members can explore the Mortgage Servicing Center to self-serve on many different needs, such as:

• Access escrow information
• View tax documents and mortgage statements
• Make or edit payments
• Gain insight on your home’s equity and understand how to grow it
• & much more!

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Members can also contact Midwest Loan Services directly with questions relating to your mortgage at 800.582.7640.

You have options when it comes to mortgages. We offer many programs, including a First Time Homebuyers program. Speak to a member of our mortgage team to find the program that fits your needs.

Some of the common documents you may be asked to provide are:

• Pay stubs from the past thirty days
• A copy of your current government-issued ID (Driver’s License, Passport, etc.)
• W-2 statements from the past two years
• Bank statements of the most recent two months, all pages.
• 401k, IRA, or Mutual Fund accounts showing the most recent transaction summary
• A copy of any stocks or certificates of deposit documentation
• A copy of purchase and sales agreements
• If you are currently renting, provide the contact information of your landlord if applicable
• If you are refinancing, copies of your mortgage statement, hazard insurance policy, and most recent tax bill
• A letter explaining any known credit problems or changes in income

If you are self-employed, paid by commission, or own real estate used for rental purposes, you will need to provide:

• Two years signed personal federal income tax returns, including all schedules
• If self-employed through a corporation, the last two years’ corporate returns as well as a year-to-date profit and loss statement and balance sheet

If you are retired, you will need to produce one of the following:

• Two years of signed personal federal income tax returns, including all schedules
• Most recent 1099 forms if applicable
• Most recent pension or social security awards letter
• 401(k) or retirement account statement if taking distributions