User ID | Password
Forgot Password [?]

 Home and Reverse Mortgages

 

Home Mortgages – Mortgages with YOU in mind!

We are partners with Mortgage Markets CUSO. Mortgage Markets offers credit unions innovative mortgage solutions with the service excellence you would expect. In fact, the combination of convenience, speed, pricing and service that Mortgage Markets CUSO delivers is not yet available to the general public!

Take Part in Our REAL ESTATE SERVICES PROGRAM and receive a 20% sales commission rebate after closing!*

Leading Edge Technology
By joining with other credit unions and Fannie Mae in a cooperative effort, Mortgage Markets CUSO introduces leading edge technology that cuts the application process by over 50%, down to about 20 clicks. That’s it! In 15 minutes from the time you start the application, you can print out a formal commitment letter directly from Fannie Mae.

Rock Bottom Rates
Another benefit to our credit union members are the low rates available. By cutting out the middleman we drive down your borrowing costs. The result is consistently low rates you can rely on. We do not play the shell game with pricing comparisons, like some companies. Print out online quotes 24/7!

Wondering if you can afford a home?
Check out the Automated Loan Consultant.
Learn about the fundamentals that determine when you can afford
to purchase and how much house you can afford.

Will refinancing save you money?
Don’t wonder! In less than 2 minutes you can know by inputting
your mortgage payment and mortgage balance in the
refinance calculator.

All these great tools and much more are available from Mortgage Markets!

*Applicants must complete the Mortgage Markets CUSO Real Estate Program to qualify for the 20% sales commission rebate after closing.

 

Reverse Mortgages – Looking for a “no payment” mortgage a Reverse Mortgage could be the answer.

The Enfield Community FCU is able to offer our members Reverse Mortgages through our partnership with Province Mortgage Associates, Inc. Reverse mortgages give you the opportunity to access the equity from your primary residence with no monthly payment. Nationally studies have indicated that homeowners have 60% of their net worth in their home and a reverse mortgage gives you the ability to access it.

There are different types of Reverse Mortgages for different situations.

  • Available for individuals 62 years old or older
  • No income or credit qualification
  • No monthly payments are required
  • Delivers tax free monthly income (consult your Tax Advisor)
  • Allows homeowner to live in their home
  • Title to the home remains in the homeowners name
  • The customer can now also use a Reverse Mortgage to purchase their new home.

If you would like to setup an appointment to see if you can benefit from this product please call 203-272-5601 ext 7435.

BCI would be happy to setup an appointment during the day as well as arranging evening or Saturday appointments.