The Finance Owl

Banks – Loans – Mortgages – Money

PNC Bank MortgagesThis article focuses on PNC Bank mortgages. If you are thinking about buying your first property, considering a move up to larger home, or wondering about refinancing your present home, a PNC Bank mortgage loan may be something that you would like to find out a little more about.

PNC Bank is a major provider of financial services products in numerous US states.

PNC Bank Mortgage Possibilities

PNC Bank mortgages include the following options:

  • Conventional fixed and adjustable rate mortgages
  • Mortgages for first time home buyers
  • Mortgages for low and moderate income borrowers

PNC Bank’s National Home Mortgage Consultant Team

PNC Bank offers free consultation services to help mortgage loan borrowers determine the right kinds of products for their situation, as well as to define and make plans to attain long term financial goals. PNC Bank mortgage consulting services are available in the following regions:

  • Delaware, District of Columbia, Indiana, Kentucky, Ohio, Maryland, New Jersey, Pennsylvania and Virginia.

PNC Bank Mortgages and Security

PNC Bank offers a variety of security features to ensure the safety of account information and provide consumers with tools to protect against identity theft and fraud. PNC Security Assurance offers the following tools and resources:

  • Resources for recognizing fraud
  • Fraud prevention resources
  • Resources for reporting fraud and identity theft
  • PNC Bank’s layered online security, including personal security image and caption
  • Firewalls

Mortgage Refinance Options

PNC Bank offers mortgage refinance for borrowers who wish to terminate their loan with a current lender and obtain a another with PNC Bank.

Other Features of PNC Bank Mortgages

PNC Bank offers both fixed and adjustable rate mortgages based on customer needs. PNC fixed rate mortgages offer the best option over the long term. With a fixed rate, borrowers ensure that home payments will remain stable for the life of the loan. Though rents will continue to rise, a fixed rate home mortgage ensures that a home mortgage payment will not. As housing costs and individual earnings increase over time, a fixed rate mortgage provides a smart financial option for borrowers to secure their financial future. As incomes rise, a fixed rate mortgage will comprise less and less of a borrower’s total income.

PNC’s adjustable rate mortgages offered allow flexible financing for borrowers who might not otherwise be able to purchase a home. An adjustable rate mortgage may provide a significantly lower payment than a fixed rate mortgage for the first couple of years of a loan. Borrowers who intend to refinance within two years or who expect to sell the property quickly may be well served by an adjustable rate mortgage.

PNC Bank mortgages offer convenient online tools for planning the purchase of a home, with resources and calculators for determining how much one can afford to borrow, cost of monthly mortgage payments, closing costs, and a comparison of fixed versus adjustable rate mortgages.

Applying for a PNC Bank Mortgage

You can make a PNC Bank mortgage application online, over the phone or in person at any branch of the PNC Bank. The mortgage application form takes roughly half an hour to complete and once sublitted a PNC Bank mortgage consultant will contact you to assess your application and respond to any queries you have. If you apply over the phone a mortgage consultant will advise you about your application and complete it for you at the same time.

Before applying for a PNC mortgage you will have to have some vital information to hand. In order to complete your application you will need to give details such as:

  • Social Security Number (SSN)
  • Email address
  • Income (including any secondary income)
  • Personal assets details
  • Current financial obligations
  • Previous address
  • Name and address of your current an previous employer
  • Value of the property you require a PNC mortgage to buy
  • Amount you wish to borrow.