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Nexus Newsletter
We invite you to view the current issue of "Nexus", our member newsletter.
July 2008 (pdf format)
- Volunteer to serve on
our new Membership Committee
- Traveling Out of the Country? Obtain Foreign Currency Quickly and Easily
- LFCU Member is Olympics Bound!
- Beat the Heat with a Cool $10,000
- Find a Surcharge-Free ATM Near You
Take Another Look at Lafayette’s
Equity Builder Mortgage Loan
These days, when you’re talking about
first trust mortgage loans, the term “ARM
Loan” is nearly considered a dirty word —
and in many instances that’s
understandable.
However, LFCU’s Equity Builder ARM has
always been and remains a terrific value for
our membership. The difference really is in
the details…see for yourself:
- Every Equity Builder mortgage loan rate
uses LFCU’s internal cost of funds as its
index (rather than LIBOR or U. S.Treasury
rates as an index).This means that,
historically, our cost of funds index
has been at a lower rate and
more stable than traditional
ARM loan indexes.
- LFCU customizes each
member’s rate to their personal
financial situation to give the member greater flexibility in
determining their rate — and
to ensure that we can give each
member a low, fair rate.
- Our Equity Builder loan offers
bi-weekly payments, which helps
members build equity faster and
reduce the interest paid over the
life of the loan.
- Financing up to $2 million
is available.
- There are no origination fees.
- Full-term interest-only options
are available.
- No closing cost options
are available.
- Modifications are available.
- 1-, 3- and 5-year adjustment
periods are available.
- Interest rate adjustments are
capped at each adjustment period.
Still not convinced? Take a look
at our website to get complete
details, calculate your rate, estimate
your closing costs, compare other
loan products and apply, obtain
disclosures and receive automatic
decisioning. If you still have
questions, please email us at
mortgage@lfcu.org or contact your
LFCU branch office. |