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*DISCLOSURES
MORTGAGES:  Mortgage loans are originated by Space Coast Credit Union, and are subject to credit approval, verification and collateral evaluation. Programs, offers, rates, terms, and conditions are subject to change or cancellation without notice. Certain restrictions apply. Cannot be combined with any other offers. These mortgage loan programs constitute first mortgage liens secured by the home and property. The down payment is determined by the Loan to Value ratio. (90% LTV = 10% down payment) Loans exceeding 80% of the appraised value of the home require private mortgage insurance. Member responsible for any funds needed for closing costs and pre-paid escrow. $69 Application Fee Rebate will be awarded at closing, if you do not close a mortgage loan with SCCU this offer is not valid.
HOME EQUITY: APR = Annual Percentage Rate.  All decisions to grant credit will be based on an evaluation of your credit history and available security in your home. Your interest rate will be based on the available equity in your home, the amount and term of your loan, and credit score. For adjustable rate equity lines the Annual Percentage Rate (APR) varies monthly and is based on the value of an index plus a margin. The index is equal to the highest prime rate published in the Wall Street Journal "Money Rates" table on the last business day of each month of each year. Rates are subject to increase after consummation.  No application fee for Home Equity Loans. Initial minimum draw amount $2,500. Rates are subject to change without notice. Proof of home owner’s insurance sufficient to cover all outstanding mortgages, including your SCCU equity loan will be required.  Some restrictions may apply.   90 Day Payment Vacation: Optional. Interest accrues from date of contract. Qualified borrowers only.
ENTER TO WIN:SCCU employees are not eligible for this promotion.  Limit one mail-in or online entry per person. Winner will be chosen at random from all entries received during the promotion (August 1 – 31, 2009).  The $1,500 will be deposited to the Member’s checking account or, if winner is not an SCCU Member, we will open a checking account for the winner or a check can be mailed within 60 days of the notification date to the winner.  No purchase necessary to win. To enter without using the online form, write your Name, Address, City, State, Zip, and Daytime and Nighttime Phone Number on a 3 x 5 postcard addressed to:  Space Coast Credit Union, ATTN: Marketing $1500 Mortgage Payment, 8045 N. Wickham Road, Melbourne, FL 32940.  Entries not meeting the above specifications will be discarded. Postcards must be postmarked no later than August 31, 2009 to be eligible. Sponsor is not responsible for lost, late, incomplete, invalid, unintelligible, or misdirected entries, which will be disqualified. In the event of a dispute as to any entry, the authorized account holder of the email address used to enter will be deemed to be the registrant. The "authorized account holder" is the natural person assigned an email address by an Internet access provider, online service provider, or other organization responsible for assigning email addresses for the domain associated with the submitted address. Potential winners may be required to show proof of being the authorized account holder.  In the event that the chosen winner cannot be reached using the contact information provided on the entry form within 60 days of the random drawing, SCCU reserves the right to choose a new winner.