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First Trust Deeds
TFCU offers 15 year adjustable rate, and 15 and 30-year fixed rate First Trust Deed Loans.
Some of the benefits of these loans are:
- Adjustable Rate Mortgage loans have strict caps. The interest rate will not increase more
than
1% per change (6 months), 2% a year and will not increase more than 6% for the life of
the loan.
- Finance 90% loan to value of owner occupied single family residence on adjustable rate
mortgages, and 80% on fixed rate mortgages.
- Depending on the type of loan chosen, points and application fees may apply.
- The member pays the usual escrow and title charges.
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