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Home Equity Loans and LinesFMFCU's Home Equity Loans and Lines can make your home improvements a breeze! Not making improvements? Then use the money for bill consolidation, buying a car, or even paying for school tuition. Check out each option below. If you have questions about which loan is right for you, call us or stop in your local branch.
Home Equity LoanSPECIAL OFFER: 5.49% APR* Home Equity Loan Put the equity in your home to work for you with an FMFCU Home Equity Loan. If you know the exact amount you need, our Home Equity Loans are just right for you! Do you have a Home Equity Loan somewhere else? You could possibly lower your rate by transferring it to FMFCU.
*5.49% (Annual Percentage Rate) is quoted as of 03/03/08 and is based on terms up to 60 months with payments per $1,000 equal to $19.11. Other terms and rates are available; FMFCU has a tiered loan rate policy that applies different loan rates to borrowers based on the borrower's credit history. Advertised rate applies to Tier 1 borrowers and is for loans up to 85% Loan to Value (LTV). The minimum-borrowing amount for Home Equity Loans is $5,000. Title insurance required for loans over $250,000. Programs, rates, terms and conditions are subject to change without notice. Interest paid on Home Equity Loans may be tax deductible; check with your tax advisor.Home Equity Line of CreditWith a FMFCU Home Equity Line of Credit (HELOC), you can borrow just what you need, when you need it, and only pay interest on what you borrow.
** Internal transfers do not qualify. Annual Percentage Rate. The interest rate (APR) is based on the Prime Rate published in the Wall Street Journal. The rate may vary monthly. The Maximum rate is 18.00% APR and minimum rate is 4.00% APR. For information regarding other Home Equity Line of Credit products, contact a Member Service Representative. Offer to qualified borrowers for home loans and home equity lines of credit secured by your primary residence. Title insurance required for Loans and Credit Lines over $250,000. |
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