Mortgages
Advantage Mortgage
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Own your home in 8 or 12 years
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Refinance your mortgage from another lender
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Available on 1-4 family, owner occupied dwellings in Connecticut
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Finance up to 80% of the value of your home
Fixed-Rate Mortgage
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Available on owner-occupied properties in Connecticut
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Interest rate remains the same for term of loan
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Monthly payment is the same for term of loan
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Terms of 10-30 years
Adjustable-Rate Mortgage (ARM)
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Available on owner-occupied properties in Connecticut
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Lower payment and interest rate for first year
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Interest rate and payment amount subject to increase or decrease annually after first year
Mortgage Refinancing
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Available on owner-occupied properties in Connecticut
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Refinancing of existing mortgage loan from another institution
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Fixed or adjustable rates available
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Competitive mortgage rates save money
Home Equity
Use the equity in your home to make home improvements, purchase a vehicle, consolidate debt, pay tuition or other expenses. Whatever your needs, you'll find we offer access with a variety of equity services.
Home Equity Line of Credit (HELOC)
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Connecticut owner-occupied primary residence only
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Check writing access
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Minimum loan amount: $15,000
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Borrow up to 80% of value less remaining mortgage balance
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Prepayment penalty of 1% if paid in first 24 months unless refinanced with SFCU
Home Equity Fixed-Rate Loan (HEFIX)
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No application fee
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Connecticut owner-occupied properties only
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No prepayment penalty
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Minimum loan amount: $10,000
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HEFIX: Up to 80% of value less remaining mortgage balance
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Hazard insurance(s) naming Sikorsky Credit Union as a mortgagee required on all loans
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Credit life/disability insurance also available