Home Equity

 

Are you taking advantage of your home’s value?
Make the most of owning a home with a TCAFCU Home Equity Loan!

Whether you dream of renovating your kitchen, funding a college education or jetting off on a well-deserved vacation, a Home Equity Loan can help turn that dream into a reality. This type of loan lets you receive funds in a lump sum, enjoy a fixed rate and pay less in closing costs compared to refinancing!

Our Home Equity Loan sets itself apart by offering:

  • Flexible terms up to 180 months
  • Up to 90% LTV
  • Possible tax benefits (Please consult a tax advisor.)
Home Equity Loans 80% LTV
Home Equity Loans 80% LTV *APR as low as (Primary Residence) *APR as low as(Investment)
0 to 36 Months 2.75% 5.25%
37 to 72 Months 3.00% 5.50%
73 to 120 Months 3.75% 6.25%
121 to 180 Months 4.25% 6.50%
*APR = Annual Percentage Rate. Rate is subject to change. The rates stated above are the lowest rates offered. Actual Annual Percentage Rate (APR) may vary based on creditworthiness, loan-to-value and terms of the loan. Not all members will qualify for the lowest rate. Loan Payment Example: $10,000 for 180 months at a rate of 4.25% APR is a monthly payment of $75.22.
Home Equity Loans 90% LTV
Term *APR as low as
0 to 36 Months 3.75%
37 to 72 Months 4.00%
73 to 120 Months 4.75%
121 to 180 Months 5.25%
APR = Annual Percentage Rate. Rate is subject to change. The rates stated above are the lowest rates offered. Actual Annual Percentage Rate (APR) may vary based on creditworthiness, loan-to-value and terms of the loan. Not all members will qualify for the lowest rate. Loan Payment Example: $10,000 for 180 months at a rate of 5.25% APR is a monthly payment of $80.38.

Home Equity Line of Credit

  • Variable rate line of credit
  • Ability to draw cash as needed
  • Possible tax benefits (Consult a tax advisor)
Home Equity Line of Credit
Home Equity Line of Credit *APR as low as (Primary Residence) *APR as low as(Investment)
Home Equity Line of Credit – 80% LTV 4.00% 5.00%
Home Equity Line of Credit – 90% LTV 5.00% NA
The Home Equity Line of Credit has a variable rate feature and the Annual Percentage Rate (APR) and the monthly minimum payment can change as a result. This variable rate is based on prime and can change quarterly. Your rate will not be less than 4% APR (floor rate) or greater than 18% APR (maximum allowed by law). The minimum monthly payment is $100.00.  Actual Annual Percentage Rate (APR) is based on an index and may vary according to creditworthiness, loan-to-value and terms of the loan.

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Need to get a payment here fast? We now accept payments by credit card!  For more information, contact a Lending Specialist at 610.326.3705!

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