Union Bank

Michael Languasco

NMLS 515970

Williston Loan Center

Senior Mortgage Loan Originator
D: 802.878.7914
C: 802.373.5050 
[email protected]

Michael is a seasoned professional in residential lending with over two decades of experience in the Chittenden County Market. He brings a wealth of knowledge and expertise in financing 1 – 4 unit properties, including primary residences, second homes, and investment properties.

Michael has participated in numerous professional associations, earning recognition for his dedication and excellence, including with the Vermont Builders and Remodeler’s Association, where he served on the Board of Directors from 2001 to 2020. In 2018, he was honored as the Associate of the Year. He is also a member of the Vermont Association of Realtors (VAR), Vermont Mortgage Bankers Association (VMBA), and Northern Vermont Board of Realtors (NVBR). Currently, he serves on the Government Affairs Committee at NVBR.

Outside of his professional endeavors, Michael is an active member of his community. He has been a part of the Milton Youth Hockey Association, serving as a Board Member and Coach from 2015 to 2020. He held the position of President of the Board/Association from 2016 to 2020. Additionally, he has been an active member of Business Network International (BNI) since 2013, holding various leadership roles.

Michael and his family reside in Milton, VT. In his personal time, he enjoys hiking, fishing, camping, skiing, and spending time with his wife Deborah, son Leo, and loved ones.

Mortgage Loan FAQs

  1. How do I know how much house I can afford?

    Generally speaking, you can purchase a home with a value of two or three times your annual household income. However, the amount that you can borrow will also depend upon your employment history, credit history, current savings and debts, and the amount of down payment you are willing to make. You may also be able to take advantage of special loan programs for first time buyers to purchase a home with a higher value. Give us a call, and we can help you determine exactly how much you can afford.


  2. What is the difference between a fixed-rate loan and an adjustable-rate loan?

    With a fixed-rate mortgage, the interest rate stays the same during the life of the loan. With an adjustable-rate mortgage (ARM), the interest changes periodically, typically in relation to an index. While the monthly payments that you make with a fixed-rate mortgage are relatively stable, payments on an ARM loan will likely change. There are advantages and disadvantages to each type of mortgage, and the best way to select a loan product is by talking to us

  3. How is an index and margin used in an Adjustable Rate Mortgage?

    An index is an economic indicator that lenders use to set the interest rate for an ARM. Generally the interest rate that you pay is a combination of the index rate and a pre-specified margin. Three commonly used indices are the One-Year Treasury Bill, the Cost of Funds of the 11th District Federal Home Loan Bank (COFI), and the London InterBank Offering Rate (LIBOR).


  4. How do I know which type of mortgage is best for me?

    There is no simple formula to determine the type of mortgage that is best for you. This choice depends on a number of factors, including your current financial picture and how long you intend to keep your house. Union Bank can help you evaluate your choices and help you make the most appropriate decision.


  5. What does my mortgage payment include?

    For most homeowners, the monthly mortgage payments include three separate parts:

    • Principal: Repayment on the amount borrowed
    • Interest: Payment to the lender for the amount borrowed
    • Taxes & Insurance: Monthly payments are normally made into a special escrow account for items like hazard insurance and property taxes. This feature is sometimes optional, in which case the fees will be paid by you directly to the County Tax Assessor and property insurance company.


  6. How much cash will I need to purchase a home?

    The amount of cash that is necessary depends on a number of items. Generally speaking, though, you will need to supply:

    • Earnest Money: The deposit that is supplied when you make an offer on the house
    • Down Payment: A percentage of the cost of the home that is due at settlement
    • Closing Costs: Costs associated with processing paperwork to purchase or refinance a house