Looking to build that dream kitchen, add an extra room or just want an available line of credit for those unexpected expenses? A home equity loan or home equity line of credit (HELOC) from PFCU gives you the spending power you need often at a lower interest rate than personal loans or credit cards. Plus the interest you pay may be tax deductible.*
- Rates as low as 6.99% APR**
- Borrow up to 80% of your available equity
- Loan amounts up to $500,000
- 15 year term
- Fully amortized
- Fixed rate
- No annual fee
- No cash advance fee
- 15 year draw period plus 15 years to repay the loan
- Fully amortized - no balloon payments
- Borrow up to 80% of your available equity
- Credit lines up to $500,000
* Consult with your tax advisor to determine if your interest payments are tax deductible.
** APR = Annual Percentage Rate. Rate quoted is our lowest rate and includes a .25% discount with an automatic monthly payment from your PFCU checking account. Rate may vary depending on individual credit history. Borrow up to 80% of your property's loan to value (LTV) for 15 years. A $350 loan fee applies for loans under $100,000, a $550 loan fee applies for loans over $100,000. The fees cover the cost of title and appraisal, no other fees are charged.
Pay only 6.99% APR on a 15 year fixed equity loan with 180 payments of $89.87 for each $10,000 borrowed. This rate is current as of December 31, 2010 and is the preferred rate. Property must be located in California. Other restrictions may apply.