July 1, 2010 Dollars & Sense
July 2010 A 20-Year SmartValue second mortgage keeps your mortgage rate fixed for five years so you’ll have easy payments and peace of mind. Use your second mortgage to pay for anything: home improvements, tuition, or debt consolidation. Your interest may be tax deductible.* After the first five years your rate may adjust but you will be protected by rate caps. After the initial five years, your payments are locked in for two year periods.
Choose the 20-Year SmartValue 2nd Mortgage,
and you’ll get:
• Rate caps for your peace of mind.
• Easy loan payments through direct deposit or payroll deduction.
• A simple, member-friendly application, either online or in person.
SLFCU’s adjustable rate mortgages are tied to the Ten-Year U.S. Treasury Security, a very stable, slow moving index that minimizes rate spikes. Apply before August 31, 2010, and get a $200 Lowe’s gift card at closing.
* Consult your tax advisor
|
