CU Competitive Edge^SM

A simpler, less costly loan for Members with good credit scores but limited funds

With CU Competitive Edge (CUCE), Members with good credit scores but limited funds for a down payment can eliminate the need to add a higher floating-rate home equity loan or line of credit (HELOC) on top of a first mortgage. Click here to see rates for CU Competitive Edge.

Benefits to Members:

	Members with good credit but little money for a down payment may maximize tax-deductibility*
	Lowers Members’ closing costs
	Reduces monthly payments

How does CUCE work?

	By charging a slightly higher interest rate and/or points for a mortgage (but lower than the “blended” rate of a first and HELOC combined), the Credit Union pays for the MI and recovers that cost from the rate and/or points
	A single set of paperwork, approvals, underwriting and closing costs saves time and money

Click here to see rates for CU Competitive Edge.

*Members are advised to consult their tax advisor.

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For more information, contact your CMG MI Account Executive, or call CMG Mortgage Insurance Company at (800) 909-4264.