Mortgage Information

First Mortgages
- Competitive rates, call our office 733-1596
- Closed end, fixed rate mortgages
- Purchase or refinance loans
- Minimum 10 year to maximum 30 year mortgage
- Affordable closing costs
- Borrow from $20,000 to $300,000
- Loans for owner occupied primary and secondary residences

Home Equity Loans/Variable Rate
- $150,000 maximum credit line
- $10,000 minimum credit line
- 10 year/120 months max. draw period with interest only payments
- 15 year pay back after the draw period expires
- Variable Rate indexed to Wall St. Journal Prime Rate
- First 6 months - rate will be Prime Rate (PR) minus 0.50%
- Thereafter - rate will be Prime Rate (PR)
- Prime rate floor; 10.00% ceiling
- Closing costs are the NYS Mortgage Tax

HOME EQUITY LOANS/FIXED RATE
- $150,000 maximum amount
- $10,000 minimum amount
- 15 year/180 months max. term
- Rate determined by Term and Credit History
- Closing costs are the NYS Mortgage Tax

These loan rates are applicable to new money and are expressed as ANNUAL PERCENTAGE RATES (APR).

Call the credit union (315) 733-1596, option 2 for more details.

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