REDWOOD SHORES, Calif. – Provident CU is giving its members who are homeowners the ability to transfer their current loan and low mortgage rate to the next home they buy – even years down the line – through the CU's new Home-to-Home PortableT Mortgage. The $1.2 billion CU says it is the first local financial institution to offer this type of product. The loan can be transferred up to two times, giving homeowners the edge in the current low interest rate environment. There are no upfront fees, nor is there an interest rate differential for the product. It is available for both home purchases and refinancing, and for primary residences as well as second homes.
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