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Mortgage & Dwelling Fairness Loans

Accelerator Mortgage

Pondering of refinancing a mortgage from one other lender? Our Accelerator Mortgage** program makes the method fast and simple with shorter phrases for many who need to pay their mortgage off shortly with our nice low charges. This mortgage is particularly engaging for somebody planning for retirement.

  • No flood certification payment!
  • No doc preparation charges!
  • No credit score report payment!
  • No recording charges!
  • No appraisal charges!*
  • No title insurance coverage payment!*
  • $25 Rebate for brand spanking new loans with automated fee from a Constitution Oak Checking or Financial savings Account.

For extra info or to use, please name 860.446.3047 or 800.962.3237, ext. 3047 or electronic mail immediately.

Value Saver Mortgage

The Value Saver Mortgage** gives the identical nice benefits because the Accelerator Mortgage listed above, with longer phrases.

For extra info or to use, please name 860.446.3047 or 800.962.3237, ext. 3047 or electronic mail immediately.

Value Saver and Accelerator Disclosure: **A non-refundable utility payment of $475 is required. Eligible properties embrace refinances of 1-4 household proprietor occupied indifferent dwellings and condominiums in FHLMC permitted tasks positioned in Connecticut and Rhode Island solely. Not accessible for refinancing of present Accelerator Mortgage loans. Minimal loan quantity of $25,000 and a most loan quantity of $3,000,000. Most loan-to-value can not exceed 80% of the property worth. Some charges apply for loans higher than $250,000. Loans over $500,000 are topic to a 0.25% improve above the revealed charge. Constitution Oak Federal Credit score Union requires escrows for property taxes and if relevant, flood insurance coverage. Borrower is chargeable for householders insurance coverage and pre-paid curiosity.

 

Mounted Fee Mortgage

In case you count on to remain in your house for a major size of time, and also you need the safety of a predictable fee, our Mounted Fee Mortgage program is the right answer. The speed is fastened for the lifetime of the loan, and phrases supplied are as much as 30 years.

  • Qualifying properties embrace 1-4 household proprietor occupied dwellings (together with condominiums) positioned within the states of Connecticut and Rhode Island.
  • Fee lock-in accessible.
  • Most loan quantities fluctuate for single, two, three and 4 household dwellings.
  • Particular charges can be found for Jumbo Mortgages.
  • $25 Rebate for brand spanking new loans with automated fee from a Constitution Oak Checking or Financial savings Account.
  • $100 credit score in direction of closing prices for Gold Rewards members.
Read about:   U.S. Bank Home Mortgage Review 2020

​For extra info or to use, name 860.446.3047 or 800.962.3237, ext. 3047, ship an electronic mail immediately.

Adjustable Fee Mortgage

An Adjustable Fee Mortgage (ARM) has a decrease rate of interest initially of the mortgage, which adjustments over time primarily based on an index. There are a lot of varieties of adjustable charge mortgages and the phrases of the fee change are primarily based on the specifics of the adjustable charge mortgage product you choose. For instance, the rate of interest on a 7/1 ARM is about for the primary seven years and is then adjusted yearly thereafter. Constitution Oak gives many alternative ARM choices to select from. Please evaluation the options under to see if an ARM is best for you.

  • 1/1, 3/1, 5/1, 7/1, and 10/1 ARM phrases accessible.
  • Fee lock-in accessible.
  • Fee cap 2% – yearly and 6% – over the lifetime of the loan. This implies the speed can solely improve 2% per yr and a complete of 6% over the lifetime of the loan.
  • Qualifying properties embrace 1-4 household proprietor occupied dwellings (together with condominiums) positioned within the states of Connecticut and Rhode Island.
  • $25 Rebate for brand spanking new loans with automated fee from a Constitution Oak Checking or Financial savings Account.
  • $100 credit score in direction of closing prices for Gold Rewards members.

For extra info or to use, please name 860.446.3047 or 800.962.3237, ext. 3047 or electronic mail immediately.

Funding Mortgage

Constitution Oak gives loans for these eager about shopping for or refinancing funding properties, together with one- to four-unit residential dwellings positioned within the states of Connecticut and Rhode Island.

  • Mounted charge mortgages
  • 10 yr, 15 yr or 15 yr Balloon with a 25 yr amortization
  • Fee lock-in accessible
  • $25 Rebate for brand spanking new loans with automated funds from a Constitution Oak Account
  • $100 credit score in direction of closing prices for Gold Rewards members.
Read about:   MyQL Grounded, Launching Your Future Payment Experience with Rocket Mortgage

To study extra or apply for considered one of these precious mortgage applications, name a mortgage specialist at 860.446.3047 or 800.962.3237, ext. 3047 or electronic mail immediately.

Dwelling Fairness Line of Credit score

For the last word in comfort, nothing beats a Constitution Oak Dwelling Fairness Line. You possibly can entry your credit score line by simply writing a verify. Chances are you’ll use the cash you borrow for any function – dwelling enchancment, debt consolidation, schooling, a brand new automotive, your dream trip, and so on. (Please seek the advice of your tax advisor for curiosity deductibility.)

  • Low variable rate of interest!
  • Low month-to-month funds!
  • No utility charges!
  • No appraisal charges!*
  • $25 Rebate for brand spanking new loans with automated funds from a Constitution Oak Account

For extra info or to use, please name 860.446.3047 or 800.962.3237, ext. 3047 or electronic mail immediately.

*Some charges apply for loans higher than $250,000.