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5-, 7-, 10-Year Fixed Rate
Equity Loans
Get cash for the things you need without worrying about an interest rate increase or closing costs!1,3
Benefits & Highlights
- No closing costs1,3 (Member is responsible for appraisal fee and interim interest expense)
- No pointsÂ
- Available on owner-occupied properties nationwide2
- Borrow up to 80% of the value of the property, less the outstanding first mortgage
- Loan amounts from $5,000 to $100,000 (Maximum loan is determined by your loan-to-value. Contact the Mortgage Department for details.)
- 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.
1Member is responsible for appraisal fee and interim interest expense. No closing cost offer is only available for owner-occupied properties.
2Contact 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 6.88% APR for 10 years is $567.74.
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