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Buying a new home? Refinancing your current home? Need to made
a few repairs or upgrades? My Credit Union has
the real estate loan to suit your needs.
Mortgage Loans
My CU offers fixed and variable rate mortgage loans, all with
competitive rates and terms to fit your financing needs.
Whether you need to purchase a home or refinance your current
home, we can help! If you are ready to finance,
visit our Home
Loan Center today.
Home Equity Loan or Line of Credit?
Home Equity loans allow you to borrow against the equity in
your home and use the funds for any purpose--finance your
child’s education, for home improvement projects, for
emergency funds, or to take a dream vacation! Here’s the
difference between the two:
- A Home Equity Line of Credit has a variable interest
rate that's just half a point above the Wall Street Journal
(WSJ) Prime rate. Upon approval, a line of credit is
approved and funds can be accessed, as you need them. You
pay nothing until you actually use your line of credit and
the interest may also be tax deductible (consult a tax
advisor for details). Choose this product if you want the
money available to meet future needs.
- A Home Equity Loan has a fixed interest rate that's
guaranteed for the life of the loan. There are no loan fees,
no annual fees, no prepayment penalty, and no closing costs.
Funds are disbursed in one lump sum upon credit approval.
The interest may also be tax deductible (consult a tax
advisor for details). Choose this product if you want the
security of a fixed interest rate loan with a regular
monthly payment.
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