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Home Equity Loans

Historically Low Home Equity Rates
We'll pay processing fees up to $400.00

80380382

Limited Time FEFCU Home Equity Loan Special

Say good-bye to application fees, title search fees, appraisal fees and credit report fees.
Say hello to low interest rates and personal care.

At FirstEnergy Family Credit Union, home equity loans are honest and easy!


What are the advantages of financing with my credit union?


What are the details of the "low fee" special?


What if I don't need $30,000, required for the no fee special?


Are there Annual Fees?


I just had my house appraised; do I need to pay for another appraisal?


Can I borrow on land or a rental property?


How long does the loan process take?


How do draws work?


What to look for when comparing home equity loans.


How much can I borrow?

Example:

 

Worksheet:

 

Appraisal of home

$100,000.00

My Home is worth:

$ ________

Percentage80%

$ x 80%

Percentage

X ________%

Percentage of appraised value

$ 80,000.00

Percentage of Appraised Value

$ ________

Less existing mortgage

$ 40,000.00

Less my existing mortgage

$ _________

Potential credit line

$ 40,000.00

My Potential credit line

$ ________

The best value in home equity loans is right here at your family credit union.


Home Equity Early Disclosure

When Your Home is On The Line

View Terms Conditions & Rates

NMLS ID: 813333

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FirstEnergy Family Credit Union
575 White Pond Drive, Suite E
Akron, Ohio 44320-1184
(330) 535-3611
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Copyright 2019  FirstEnergy Family Credit Union, Inc., All rights reserved.

Website created by CommonBond Communications, Inc.

*Home Equity Loans – APR = Annual Percentage Rate. Rates as low as 3.99% for up to 60 months. Actual rate may vary based on credit worthiness and the terms of the loan. Your rate can be higher depending on credit performance. Financing up to 80% of the appraised value of primary residence is available. Rates are subject to change without notice. Home Equity loans currently financed through the credit union may be subject to additional processing fees. For a limited time, FEFCU will pay all processing fees up to $400. Processing fees include appraisal, flood determination, title search, title insurance, mortgage document preparation and recording fees. $400 based on a $43,000 loan on a primary residence located in Summit County. Additional fees may apply based on amount of loan and county in which the primary residence is located. To qualify for the limited time, "Low Fee" special you must draw $30,000 for your first advance for 36 months. Actual rates, fees, and terms are based on those offered as of the date of application and are subject to change without notice. If you pay-off the loan for any reason within 36 months, a $400 fee reimbursement charge will apply to reimburse processing fees. NMLS ID: 813333

1 - Vehicle Loans – *APR = Annual Percentage Rate. Rates as low as 2.99% for up to 60 months. Actual rate may vary based on credit worthiness, age of vehicle and the terms of the loan. Your rate can be higher depending on credit performance. Financing up to the NADA average retail value of the vehicle is available. Rates are subject to change without notice.

*Vehicle loan gas card – This offer is valid only for loans over $10,000 with a minimum term of 24 months. Loans currently financed with FEFCU are not eligible for this offer.