 Q.
What’s best for my home loan?
Get it reviewed, for free, and with no obligation. For
example, many people don’t realize when their
adjustable rate is going to change and they are caught
by surprise. We can help you plan ahead and/or consider
an alternative loan structure that will benefit you.
Q.
Should I wait for mortgage rates to go even lower?
That can be risky as mortgage rates have been volatile
due to the many recent changes in the marketplace. We
can sit down and look at all of your options and see
if waiting makes sense or if now is the best time to
consider refinancing based on your individual circumstances.
Q.
What’s the best loan now?
It really depends on your financial situation but we’re
finding many people are opting for 5/1
or 3/1 Adjustable Rate Mortgages (ARMs) because
the rates and terms are so attractive. Long-term, fixed-rate
loans are also helping people get their finances stabilized.
One five zero two one seven seven nine eight. For homeowners
over 62 years old, we are seeing considerable interest
in reverse mortgages. These are not appropriate for
everyone but there is a large segment that receives
positive, life changing benefits. As your trusted advisor,
we can provide information to help you make an informed
decision.  |
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Join
Us for Our 3 Day Event:
April
11 – 13, 2008
Don’t
miss the Spring Auto Sales Event at RCU Auto Services
at 3219 Santa Rosa Ave., Santa Rosa.
Friday,
April 11th: 9 a.m. – 6 p.m.
Saturday, April 12th: 9 a.m. – 5 p.m.
Sunday, April 13th: 10 a.m. – 3 p.m. |
To
view our online inventory of quality used vehicles,
please visit the Auto Center at www.redwoodcu.org
or call 1 (877) 545-0800 for more information.
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All
RCU Offices
Will Be Closed:
Memorial
Day
Monday, May 26, 2008
Independence
Day
Friday, July 4, 2008
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Growing
to
Serve You Better |
$1.77 Billion
as of February 29, 2008
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FEATURED
LOAN RATES & SAVINGS YIELDS
For
a complete listing of Loan Rates and Information, please
call: 1 (707) 541-2621 locally, or toll free 1 (800) 479-7928.
For the latest Savings Rates Information, please call:
1 (707) 541-2620 locally, or toll free 1 (800) 479-7928. |
| FEATURED
SAVINGS YIELDS |
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| SAVINGS/INVESTMENT |
$10,000/APY |
$25,000/APY |
$50,000/APY |
$100,000/APY |
| Advantage
Plus Money Market |
2.85% |
3.00% |
3.15% |
3.15% |
| With
Advantage Plus Money Market, earn the same
yield on your Advantage Plus Checking account! |
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The
Redwood Review is a monthly publication
of Redwood Credit Union. All editorial questions
and comments are welcome. Please call our Marketing
Department a 1(800) 479-7928, ext. 5275.
Redwood Credit Union does business in accordance
with the Federal Fair Housing Law and the Equal
Credit Opportunity Act.
It
Pays To Read The Review
Watch for the Member account number spelled
out within the text of this newsletter.
If you spot your number,
please call 1(800) 479-7928, ext. 5275 and
claim $50!
Thanks for reading the Redwood
Review! |
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| Disclosures |
Consumer
and Mortgage Loan Rates as of March 26, 2008 and
Savings Yields as of April 1, 2008. All rates,
yields, terms and special offers subject to change.
Certain restrictions apply. APY = Annual Percentage
Yield. Except for Certificate Accounts, on which
APY is fixed for term, savings yields are variable.
Fees may reduce earnings. Advantage Plus Checking
contingent upon concurrent enrollment in Advantage
Plus Money Market. First mortgage loan APR 4.395%,
Index 1 Yr CMT, Caps: 2% periodic; 6% life. Margin
2.625%. Rate reflects .375 point, 80% LTV. RCU
mortgages available on CA properties only &
other restrictions apply. Visas: For transactions
occurring outside the US, a 1% fee will apply.
RCU Redwood Rewards Plus program valid on signature-based
transactions only; Personal Identification Number
(PIN) based transactions not eligible. Must have
RCU checking and debit card to participate. Visa’s
Zero Liability policy covers U.S. issued cards
only and does not apply to ATM transactions, PIN
transactions not processed by Visa or certain
commercial card transactions. Cardholder must
notify issuer promptly of any unauthorized use.
Home Equity Line of Credit (HELOC) Special FIXED
for 3 years on a 10 Year Interest-Only Loan. Thereafter,
the floating rate is tied to the Prime Rate. Prime
Lending Rate is 5.25% as of 03/19/08 as published
in the Wall Street Journal. Minimum interest rate
on Home Equity Line of Credit is 5% below initial
interest rate. Maximum APR on Home Equity Line
of Credit is 15-18% depending on initial Combined
Loan to Value. Average fees on a no point loan
of $50,000 or less range from $950-$1050. Modifying
an existing RCU equity line is $250. No annual
fee
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How
to Contact Us:
Telephone Member Service
Center Hours:
1
(800) 479-7928
1 (707) 545-4000
Mon. – Fri. 7 a.m. – 8 p.m.
Sat. 8 a.m. – 5 p.m. |
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