Funding Your Future - Cyprus CU Blog

What is a Short & Sweet Mortgage?

Written by Avery Mills | Jul 17, 2017 2:28:39 PM

This summer, we have highlighted some of our mortgage products. So far, we have learned more about our FHA Loans, USDA Loans, and our Construction & Lot Loans. In this post, we’ll be talking about our Short & Sweet product: short-term mortgages at a sweet rate.

This type of loan is for current home owners who are looking to refinance their home with a shorter term. With more flexible options, these loans can be personalized to fit your needs.

These loans feature:

> Huge savings as compared to a traditional 30 year mortgage
> Fixed rates as low as 3.49%. Click HERE to see our current rates.
> No appraisal or down payment required
> Low, fixed closing fee of $250
> Up to 15 year terms available
> Loan amounts up to $250,000 and 80% LTV
> Payments are conveniently deducted from your Cyprus account monthly.

 

These types of loans are housed internally at Cyprus, so our advisors will remain your point of contact throughout the entirety of the term.

If you are interested in learning more about our Short & Sweet loan options, call (801)260-7600 and push option 5 or email mortgages @cypruscu.com.