Home Equity Loans
CRCU is offering $0 CLOSING COSTS on Home Equity Loans* for a limited time!
Our Home Equity Loans can be used for many purposes from: adding a room, buying a car to consolidating high-rate credit cards. You can even take a well deserved vacation. We can also refinance your Home Equity Loan or 1st Mortgage as a Home Equity Loan from another lender.
- Terms up to 20 years
- Get your money up front with a one-time payout
- Fixed Rate for the life of the loan
- The interest on this loan may be used as a tax deduction. Please consult your tax advisor for details.
|Maximum Term (Years)||Annual Percentage Rate||Maximum Loan Amount|
As low as
|80% of the value of the property less any mortgages|
|10||Call for Rates||80% of the value of the property less any mortgages|
|15||Call for Rates||80% of the value of the property less any mortgages|
|20||Call for Rates||80% of the value of the property less any mortgages|
*Annual Percentage Rate is based on loan amount of $50,000 at3.75% for 5 years.
One of the advantages of Home Equity Loan is that, in most cases, the interest paid on these loans is tax deductible. All loans subject to credit approval.
*Please check with your tax advisor for details.
Your rate will be fixed. Payment example: If you borrow $50,000 at 3.75%, the APR for 5 years is 3.99%, your monthly payment for 59 months would be $915.20 and one final payment of $914.95. APR= Annual Percentage Rate. Rates based on an evaluation of each memberís credit history, loan-to-value (LTV), loan amount, loan purpose and other factors; so your rate and terms may differ. All loans are subject to credit approval. Under certain circumstances and escrow account for taxes and insurance may be required.
VALUE OF HOME X 80% - WHAT YOU OWE ON HOME = WHAT YOU CAN BORROW
|Home Equity Loan Payment Example|
|Annual Percentage Rate||3.99%|
|Term of the Loan||5 Years|