This program is being offered as a benefit to the members of the NTEU and their family members
Purchasing
- Reduced Interest Rates and PMI may be available through Government Programs to NTEU members and their family members.
- Members and family members may be eligible for federal mortgage programs offering competitive rates, terms and conditions –
- Free Pre-Approval for members and family members.
- No application fees, No processing fees, No lock in fees, No commitment fees, No underwriting fees, and No broker fees.
- Expedited Processing available to NTEU members and family members when your transaction requires a quick approval and/or closing.
- Access to down payment assistance programs that may enable eligible buyers to save money on your purchase.
- Programs for self-employed borrowers with reduced income verification requirements available.
- Primary residence, second homes, and investment properties
Home Equity Loans
- Debt consolidation – Use your home equity to consolidate your credit cards, student loans, and other debts into one low monthly payment*
- Home improvements – Use your home equity to make home improvements to your home
- Cash out – Use your home equity to pay tuition for yourself, your children, or other purposes such as buying an investment property or a second home
Refinance
- Lower your current interest rate and monthly payment
- Reduce your mortgage term which can save you interest by paying off the mortgage sooner
- Take cash out of your home for any purpose
- Divorce situations where you need to buy-out a spouse/former spouse
Refinance to Lower Your Interest Rate and/or Eliminate PMI
- Lower your current interest rate and monthly payment.
- Reduce your mortgage term which can save you interest by paying off the mortgage sooner.
- Reduce or eliminate expensive PMI which you may have on your current mortgage.
Refinance to Consolidate or Make Home Improvements
- Use your equity to consolidate date while simultaneously reducing your interest rate.
- Use your equity to do home improvements.
- Use your equity to help pay for tuition.
For more information contact the NTEU program liaison via: VOICE/TEXT at 516-351-8040 or via: e-mail at jrappaport@boemortgage.com