With a home equity loan you can finance those big projects by receiving all of the funds up front. You'll have the peace of mind of a fixed rate and a fixed payment so that you can budget accordingly. Have credit card debt? A home equity loan may be a good solution to consolidate your debt and lower your interest rate payments. There may be tax advantages too. Consult a tax advisor for details.
- Borrow up to 90% of your home's value excluding existing mortgages
- Flexible repayment periods from five to 20 years - remember, the shorter the better
- Monthly fixed rate and interest payments
- Discounts on closing costs up to $1,000*
- Quick approval and fast closing
- Automatic payments
- No application fee
|Home Equity Fixed Rate|
|Annual Percentage Rate (APR)||Regular Rate
starting at 5.53%
With 2,500 Relationship REWARDS Points
starting at 5.28%
With 5,000 Relationship REWARDS Points
starting at 5.03%
|Payment Options||Principal and Interest|
|Draw Period||Not Available|
|Maximum Financing||Up to 90% of home's value excluding existing mortgages|
*No closing costs options are only available for equity loans up to 15 years. Closing costs up to $1,000 may be paid by FAIRWINDS. This includes the application fee, origination charge, appraisal, title insurance, settlement and search fees, recording fees, and mortgage document stamps. Closing costs over $1,000 are the responsibility of the member.
Loans are subject to credit union membership eligibility, credit approval, and verification of information provided on the application. Other terms and conditions may apply. Terms and conditions subject to change at any time without prior notice.
In order to open the loan plan, you must pay a flood zone determination fee of $20 to the Credit Union and certain fees to third parties which generally total between $300 and $3,800. You may request more specific cost information about third-party fees from the Credit Union. Property insurance on the property that secures the plan is required to open the plan.