About Aurora Bank
Can you live without a bank? That is a very interesting question. Though bank accounts are not the only smart place to put or receive money, it’s almost impossible to avoid banks in our daily life. For people who want to avoid bank accounts, we guess the biggest complaints are the account fees and low CD rates. Just forget it! You can enjoy the benefits of the best CD rates with Aurora Bank, a federal savings bank with its headquarters in Wilmington, Delaware.
What You Need to Know about Aurora Bank
This is a mid-size bank offering full-scale banking services. The bank was called Delaware Savings And Loan Association at its foundation on January 1, 1921. Until April 1, 2009, the bank was renamed to Aurora Bank, FSB. Now the bank has offices in several states, like California, New York, Colorado and Missouri etc. Aurora Bank, FSB serves more than 320,000 customers currently.
To meet evolving financial needs of customers, Aurora Bank has a large array of financial services and products, from retail banking and residential serving to home loans and commercial loan serving. Flexible home loan solutions can help you achieve your financial goals.
Three kinds of home loans are offered to address customers’ varying needs
• Fixed-Rate Mortgage
A fixed-rate mortgage enables you to make regular monthly payments during the entire term of the loan. You do not need to worry about floating interest rates resulting in higher monthly repayments. If you cannot afford higher monthly payments, a longer term fixed rate mortgage might be the right one for you. Or you can take a shorter term fixed-rate mortgage if possible.
• FHA Loan
FHA loans are the right option for people with less money for a down payment. It will be much easier for first-time home purchasers to get financing. Both adjustable-rate FHL loans and fixed-rate FHA loans are available from Aurora Bank.
• Adjustable-Rate Mortgage
Commonly known as ARM loans, adjustable-rate mortgages feature a lower interest rate during the first several years. If you want to sell or refinance your home in the near future, ARM loans can be a smart option. Aurora Bank has two choices of ARM loans, 3/1 adjustable-rate mortgage and 5/1 adjustable-rate mortgage.
You may be wondering why you should choose Aurora Bank for its home loans as there’re so many providers available in the market today. It’s not hard to tell the reason.
Let’s find out the advantages of Aurora Bank’s home loans over its competitors
• Friendly & Knowledgeable Services
Aurora Bank serves customers with extremely knowledgeable home loan consultants. Most of them have an average of 13 years experience. The professional consultants really do a great job. They are very patient with customers’ questions and help to work out the best loan solution to meet each customer’s requirements.
• Simple Application and Fast Approvals
Once you choose Aurora Bank, it will be very simple and convenient to get a new home loan or refinance your existing loan. With a simple call, Aurora Bank will process your loan application and it can be approved as quickly as possible.
• Secure and Reliable Online Payments
Loan borrowers are allowed to make convenient payments online. You do not have to worry about the security of your financial information. The online payment engine adopts one-of-a-kind encryption to keep your date safe and secure. Both your personal and financial information will be safeguarded in each transaction.
• Easy Mortgage Account Management
Managing the loans is very simple and convenient. Aurora Bank’s mortgage serving website, MyAuroraLoan.com, features easy access. After getting a loan from Aurora Bank, you can sign in to review your account immediately. After login, everything about your loan will be clear to you, including your payment tools, calculators and a Loan Summary.
• A Reliable Lender Rich in History
Aurora Bank is a reliable national lender with more than 85 years of experience in the banking industry. It’s a direct lender, instead of a broker. Thus you can always expect lower interest rates than other lenders. In addition, all home loans have no hidden fees. Little or no out-of-pocket costs are needed at closing.
Not many people can purchase a home without taking some form of a home loan. If you’re thinking about taking a home loan, it’s very important to know all its ins and outs. Whether you intend to buy a house, flat or penthouse, you need to consider carefully which type of home loan works best for you. A wise choice can be made only after a market survey.
This web site is not affiliated with Aurora. We recommend Aurora official site for more accurate information of its financial services.