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Three Loan Types
The Tri-Town Teachers Credit Union offers three different mortgage and home equity loan options to our members. For an overview on each, visit our website pages for each option:
1st Mortgages
Designed specifically to save you money with a loan process that's fast, and hassle-free:
- Fixed- and adjustable-rate mortgages
- The competitive interest rates we offer our members every single day
- Affordable closing cost programs to save you money
To find out more, please go directly to our Mortgage Center at: http://cuc.mortgagewebcenter.com. If you prefer to call you can reach a mortgage specialist at 800-342-4998.
Variable Rate Line of CreditBased upon the available equity in the home, Tri-Town can establish a line of credit of up to $100,000.00 secured by your home. As this loan is secured by the home, this interest paid may be tax deductible (consult a tax professional).
Once established, the line of credit is available for your use for a five year period. After this time period, the loan can be paid on monthly installments the same as any other type of loan.
No Points, Closing costs, or fees of any kind apply to these loans, so they are great for your short term borrowing needs. The finance charges may be deducted from your income tax, (always check with your tax adviser regarding applicability of deductions).
Please visit our web site for more information: Variable Rate Line of Credit Or email us at: info@tritownteachers.org Fixed Rate Home Equity LoansThe Tri-Town Teachers Federal Credit Union offers a Fixed Rate Home Equity Loan for its members. This loan is available on Connecticut property only and it must be on the member's primary residence. The rate is fixed, set at the time of commitment, based on the Prime Rate; however the lowest rate available will be 5.25%, regardless of what the prime rate is. Loan Amounts 75% of Appraised value less any other liens of mortgages up to a maximum loan of $50,000.00. There is a minimum loan amount of $10,000. Please visit our web site for more information: Fixed Rate Home Equity Loans Or email us at: info@tritownteachers.org Forward This - Let Your Family & Colleagues Take Advantage of the Many Credit Union Benefits! To Forward Please click on the "Forward email" button at the bottom to forward this to family members and colleagues. They too can benefit from membership in the Tri-Town Teachers FCU. They can join our mailing list by clicking on the "Join our Mailing List" button below. Remember- We're Not Your Father's Credit Union! |
Thank you for your continued interest in the Tri-Town Teachers Federal Credit Union. We are working hard to make your credit union responsive to all your financial services needs. Visit our web site to learn about all the many services available to our members. We'd love to hear from you. Give us a call, send an email, Like Us on Facebook, or visit our office on Jesup Road in Westport.
John Coniglio
Tri-Town Teachers FCU
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