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Blog > 2008 > September > Home Equity Loan Special
September 22, 2008

Home Equity Loan Special

For a limited time, we're currently offering our Home Equity Line of Credit (HELOC) product with rates as low as 4.00% APR.* HELOCs are a great way to obtain funds to make home improvements, pay for tuition, or to take that special vacation that you've been dreaming of.

In addition to our great rate, we will not charge you any closing costs or any annual, maintenance, or transaction fees. Plus, we'll give you a $250 Home Depot gift card if you establish your HELOC with us.

Apply online at our website at www.fcfcu.com
 
*APR – Annual Percentage Rate. The interest is based on the National Prime Rate (as published in the Wall Street Journal) (currently 5.00% as of September 2008) minus 100 basis points (currently 4.00% as of September 2008) for loan-to-value (LTV) less than or equal to 90% and line of credit over $50,000. Offer may be withdrawn if you do not meet criteria, available equity, and property type. Your minimum monthly payment will equal any accrued finance charges, late charges and fees during the billing period. Monthly payment will not be less than $50 of loan balance. Finance charge calculated by determining Average Daily Balance and multiplying by the Monthly Periodic Rate.
Could borrow $10,000 and pay only $50 a month for the first 10 years. Maximum APR is 18%. This offer is nontransferable. Property insurance required. Primary residence must secure credit lines (investment properties are not eligible for this product). Interest may be tax deductible, consult your tax advisor. Rates adjusted to equity position. Some applicants will not qualify. Closing cost ($250 – $500) will be repaid if loan is paid off within 24 months. Must close loan and make an initial advance of $2,500 to qualify for Home Depot $250 gift card. Promotion expires 10/31/08.

Your savings federaly insured to at least $250,000 and backed by the full faith and credit of the United States Government: NCUA, Equal Housing Lender, ESI