Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
UW CU introduces Rapid Refinance for home loans
MADISON, Wis. (3/27/09)--UW CU is introducing Rapid Refinance, a program for members looking to refinance their home loans without paying traditional closing costs. Rapid Refinance will allow members who are planning on paying off their loans within 15 years to lock into a low, fixed rate for $79, saving them hundreds of dollars of closing costs over traditional home loans. A new, streamlined loan process will speed up the closing process and reduce the documentation required to get the loan closed, the credit union said. “These members will now be able to refinance their homes when it otherwise may not have made sense financially due to high closing costs,” said Mike Long, UW CU vice president of lending. Rapid Refinance is available for loans up to $125,000 and will offer a 12-year term with a low, fixed rate and no prepayment penalties. An online calculator also is available so members can compare their Rapid Refinance payments to traditional home loan payments. UW CU, based in Madison, Wis., has $1.08 billion assets.
Other Resources

RSS





print
News Now LiveWire
.@NACHAOnline report: ACH volume increases to 23B payments in 2014 http://t.co/va2WYMh4Zv
3 hours ago
.@CUNA's @HampelBill in @washingtonpost on options for wary mortgage borrowers: http://t.co/CPSgTNgwmm
8 hours ago
Housing starts thaw, mortgage rates stand pat #Market #NewsNow http://t.co/hhPj5v5AH3
9 hours ago
.@CUNA files #RBC2 comment, urges #CU system to be heard #NewsNow http://t.co/yfoZHAMlZc
9 hours ago
#NewsNow Youth Month attracts 100,000th member for Mich. CU http://t.co/cgF5o83XlK
10 hours ago