November 12, 2008 Dollars & Sense
October 2008 Offer extended through December due to unprecedented demand. Apply before December 31 for your home purchase or re-finance and you can still get a $400 rebate* at closing. Check the table below to see how you could save thousands. Remember, SLFCU’s adjustable rate mortgages are not like other ARMs. They give you:
• Rates set by the slow moving 10 year U.S. Treasury Security
• Rates capped for your peace of mind
• Payments guaranteed for three years for budget planning
• Really low closing costs
• Our lowest rates with no points to pay
• Loan Advisors who work for you – not for a sales commission
Call 505-293-0500 or 800-947-5328 or apply online today.
| | SLFCU | Other | SLFCU | Other | | Principal | $200,000 | $200,000 | $200,000 | $200,000 | | Closing | $1,315 | $3,775 | $1,315 | $3,775 | | Points | $0 | $2,000 | $0 | $2,000 | | Total loan fees | $1,315 | $5,775 | $1,315 | $5,775 | | SLFCU Rebate | -$400 | 0 | -$400 | $0 | | Total fees less rebate | $915 | $5,775 | $915 | $5,775 | | Total financed | $200,000 | $200,000 | $200,915 | $205.775 | | Quoted % rate | 5% | 5.59% | 5% | 5.59% | | Payment | $1,077 | $1,150 | $1,081 | $1,183 | | 5 year interest | $48,084 | $53,965 | $48,311 | $55,524 | | Balance at 5 years | $183,464 | $184,961 | $184,366 | $190,307 |
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