Caltech Employees Federal Credit Union
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First Trust Deed (Variable)
CEFCU offers a COMPETITIVE and EXCLUSIVE product for members who want payment structure and lower monthly expense. Our 5-Year Re-price program stays fixed for 5 years with no negative amortization. Members are protected by a 2% cap every 5 years and a 5% lifetime cap.
Want more exciting news?
CEFCU now offers its popular 5-Year Re-price mortgage amortized over 40 years!
This program is ideal for first-time homebuyers or trade-up borowers facing high home prices or dealing with rising rates and higher payments on existing adjustable-rate mortgages.
- Lower, more affordable monthly payments
- No rate increase for extended term
- More buying power
- More cash in hand
With this mortgage, your repayment schedule is calculated over a
40-year period (480 payments). As a result, your monthly payment will be less than what it would be with a standard 30-year (360 payments)
fixed rate mortgage. Better yet... you will enjoy a lower monthly payment along with superior program advantages including a 60-day rate lock with one float down.
Talk to one of our mortgage loan advisors today to evaluate if this program is right for you! Call (800) 592-3328 ext. 404.
Rates, terms and conditions are subject to change. Rate and payment fixed for first 5 years. May adjust every 5 years thereafter based on market rates. All loans subject to credit approval. Certain exceptions may apply. CEFCU is an Equal Housing Lender and Equal Opportunity Lender.
