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| Home Equity Loans | |
| A Home Equity loan is the smart way to finance home improvements, higher education, large purchases or to consolidate higher interest rate debt. Not only do you get a low interest rate, but the interest portion of your payments may be tax-deductible (consult your tax advisor for details). There are two types of Home Equity Loans to choose from: Traditional Fixed Rate Home Equity Loan A Traditional Home Equity Loan provides a fixed interest rate, one lump-sum payout, and equal monthly payments over a specific time period.
Apply today! 1 - Annual Percentage Rate. This special offer does not apply to current Patriot Home Equity Loan (2nd mortgage) accounts. Maximum loan to value (LTV) is 80%. Rate applies to credit scores above 734 and is good for terms up to 84 months. Monthly payment for a 84 month term is $13.29 per $1,000 borrowed. No closing costs on loan amounts of $7,500 or greater. If loan is paid off before 3 years, closings costs will be added into the payoff amount. Member responsible for MD Recordation tax, amounts vary per county and amount borrowed. All loans subject to credit approval. Patriot's Simple Home Equity Line of Credit (HELOC) A simple solution for funds to tackle home improvements, pay for college expenses, large purchases or follow your American Dream. The Simple HELOC has a low monthly payment that makes it easy on your budget. While other financial institutions require higher monthly payments, our low payment gives you flexibility when you need it. When you open up a Simple Home Equity Line of Credit of $15,000 or more you?ll receive a 1.99% APR2 (for the first 6 months) plus pay no closing costs. Whatever the reason, let us help you achieve your American Dream with this low rate/payment loan offer! Apply today! 2 - Annual Percentage Rate. After 6 months, the rate on your loan will revert to the standard variable rate for a Home Equity Line of Credit (HELOC). That rate is currently as low as 3.97%APR and based on the Wall Street Journal Prime Rate which was 3.25% as of 1/1/12 plus 0%. The rate applies to credit scores above 734. Maximum APR is 18%. Maximum loan to value (LTV) 80%. Minimum $15,000 draw. This special offer does not apply to current Patriot HELOC accounts. Must have a Checking account with active direct deposit or have had an active checking account for 6 months with deposits and debit charges. This is a variable rate loan product and your payment and rate are subject to change. See credit union for details. Member responsible for MD Recordation tax, amounts vary per county and amount borrowed. All loans subject to credit approval. |
Toll Free (888) 777-9982
800 Wayne Avenue • Chambersburg • PA 17201
© 2013 Patriot Federal Credit Union
800 Wayne Avenue • Chambersburg • PA 17201
© 2013 Patriot Federal Credit Union
