Is Your Home Financed
At Your Credit Union?
If you haven’t refinanced your home loan in the last
few months, now is definitely the time to take that
step. Recent Federal Reserve rate cuts have lowered
mortgage rates to levels not seen in several years.
For members with just a few years left on your
original mortgage, you may want to consider one
of our special short-term home mortgage loans,
with very competitive interest rates.
Refinance your home mortgage before the end of the year, and your total closing cost will
not exceed $590…and your closing cost can be rolled into the loan amount. Essentially,
you get a new home loan with zero out-of-pocket expenses.
If you can’t find time to visit one of our branches, just pick up the phone and visit with a
home mortgage professional at Telcoe. We’ll get the process started, keeping you on the job.
If you don’t need a mortgage, use a Telcoe Home Equity Loan as a cash resource.
Few members realize one of their most valuable
assets is the equity in their home. If you’ve
been in your home for over five years, chances
are you can use your equity for a variety of
• Taking a dream vacation
• Consolidating high interest rate credit
cards into one low monthly payment
• Paying for higher education
• Traditional uses like home improvements
• Just about any other worthwhile
Home Equity Loan rates are at historical lows. You can unlock the cash in your home and
pay only 5.90% APR* for a maximum term of five years. To learn more about how a Telcoe
HEL can help maximize your cash flow, visit with a TFCU mortgage professional.
*Rates are Annual Percentage Rate (APR) as of October 3, 2001, unless otherwise noted, and are subject to change. Home Equity Loans available in all
states. Rate depends on term length, Fair Market Value (FMV) and owner occupancy. Maximum 100% of FMV for owner-occupied properties less any out-
standing mortgages, APR is 1% higher for loan with LTV greater than 90%. Otherwise, max 80% of FMV for TX properties. Cost of appraisal,