What if we told you that you could have the house of your dreams, without going anywhere? With a home equity loan or line of credit, you can afford to make those upgrades you’ve been dreaming about. Remodel your kitchen, expand the master bedroom or improve your home’s curb appeal with a little help from Fox Communities Credit Union.
Invest in your home today so it’s ready for the market tomorrow.
Apply now and start bringing your dreams to life.
Allows you to borrow money in one lump sum and you make monthly payments for the life of the loan.
Payments are based on the outstanding balance of the loan.
Minimum disbursement = $500, Minimum Line = $5,000. Minimum Payment = Interest only or $100 (whichever is greater).
The following example is based on a $100,000 home value, using 90% of the equity to determine loan/line amount with $50,000 in outstanding lien loan balance:
$100,000 home value x 90% = $90,000
$90,000 – $50,000 outstanding loan = $40,000 potential credit line
An appraisal may be required.
*Consult a tax advisor regarding deductibility of interest and fees.
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You are about to leave Fox Communities Credit Union's website. Any external site listed here is not under the control of Fox Communities Credit Union. Thank you for visiting. Please return when you need information about Fox Communities CU's products and services.CONTINUE