Replace your 30 year mortgage, even if it’s several years old, with a 15 or 20 year home loan that could save you $100,000 in interest!
In fact, when you finance your home with TCU, you can pick any length of loan up to 20 years to fit your desired payoff date and payment size. For example, if you’re retiring in 16 years, you can choose a 16 year home loan. Sweet!
Shortening your mortgage also saves a lot of money. If you can afford to pay just $383 more per month, you can pay off a $300,000 home loan in 20 years, instead of 30, and save $85,000 in interest! If you also make half your payment every two weeks, you’ll be free and clear in 17 years, 9 months—and save $103,000!*
What if you’ve had your mortgage for several years already? You can still save big. One member saved $18,000 when he refinanced with just eleven years to go on his old mortgage.
Find out how much you can save by giving us a call at 503-251-2390 or toll free 800-547-7657 with your current mortgage information. Just think what your future would be like if you didn’t have to make mortgage payments and were tens of thousands of dollars ahead!
*Assumes 4.25% interest rate. Figures are rounded. 20% down payment or equity required.