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15-Year Fixed Rate Equity Loan
Get the cash you need with a fixed rate, generous repayment plan, and no closing costs!1,3
Benefits & Highlights
- No closing costs1,3 (Member is responsible for appraisal fee and interim interest expense)
- No points
- Available on owner and non-owner occupied properties nationwide2
- Loan amounts from $5,000 to $350,000
- Borrow up to 80% of the value of the property, less the outstanding first mortgage
- Interest paid may be tax deductible (consult your tax advisor for details)
BONUS BENEFIT
Earn up to 10,000 mileage points on your NWFCU Member Rewards MasterCard®. More.
1 Member is responsible for appraisal fee and interim interest expense. No closing cost offer is only available for owner-occupied properties.
2 Contact the Mortgage Department for details regarding properties in TX and HI.
3For loan amounts up to $350,000, closing costs typically range between $150 and 4,200. The closing costs depend on the location and occupancy of the property and the amount of the Equity Loan. A sample Fixed Equity Loan payment based on $50,000 at 7.25% APR for 15 years is $456.43.
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