Home Equity Loans and Lines of Credit
Is it time to say bye to that kitchen or bathroom? The equity you have built-in your home can be used to accomplish all those things and more. A Home Equity Loan or Line of Credit is a type of second mortgage that allows you to use the difference between how much you owe on your mortgage and how much your home is worth, or the equity, to pay for life’s big expenses. Apply today to take advantage of the special low rate!
Feeling comfortable with your Loan Officer is a key step in choosing the right loan. Find the right Liberty First Mortgage Loan Officer now.
|Fixed-Rate Home Equity Loan||Home Equity Line Of Credit|
|Type of Funds:||A specific amount of money for when you know exactly what the project will cost.||A flexible loan for when expenses will be ongoing and you want access to the money over a period of time.|
|What to spend it on:||Home improvements, new car, debt consolidation, vacation and more.||A long-term remodeling project, any larger on-going expenses.|
|Payment Terms:||Pay the same amount every month, with a fixed interest rate, for a specific amount of time.||Pay only 1% of the outstanding balance. The rate is variable and is tied to the Wall Street Journal prime rate, plus an interest margin.|
|Rate: 1||APR as low as 4.250% for 5 years and 4.750% for 10 years||Call for details|
|Estimated Payment 2||$18.53 per thousand for 5 years and $10.48 per thousand for 10 years||Call for details|
|Loan Term:||Up to 10 year terms available||Up to 20 years|
Included with all Liberty First Credit Union Home Equity Loans and Lines of Credit
Up to 100% Loan to Value options
Personal guidance from first call to closing
0.25% rate discount with automatic payments3
Low application or origination fee
Liberty First CU servicing for the life of your loan
Interest may be tax deductible4
1 Annual Percentage Rate (APR). All rates listed Are our best rates and are simple interest, your rate may be higher based on credit bureau score and credit history. Depending on score and history, a 1% Origination Fee may apply. Add 1% to investment properties.
2 To calculate your estimated monthly payment amount per $1,000 borrowed, multiply the “EST PAYMENT” times the amount borrowed divided by 1,000). The estimated payment is for the maximum term in each category. Mortgage Rates are determined by many economic factors and tend to change frequently. For a current rate quote, please call (402) 465-1000.
3 You must set up and maintain monthly recurring automatic payments from your Liberty First Credit Union checking account for the life of the loan.
4 Consult your tax advisor.