Whether you are ready to remodel your kitchen or simplify debt, you can do more with a low-rate home equity loan from your neighborhood credit union. For a limited time, home equity loan rates are as low as 3.74% APR* with no closing costs.**
According to New York Fed President, William Dudley, now is the perfect time for homeowners to tap into the equity that has built up in their homes. For the first time since the recession, U.S. homeowners are beginning to withdraw some of their equity for spending purposes which is positively boosting the economy’s consumption.
Whether you’ve been putting off a bath or kitchen remodel or have smaller updates to make around the house – there’s never been a better time. Plus, use the power of your home’s equity for more than repairs and household expenses – take that dream vacation, pay off debt or help finance other unexpected expenses.
No matter the project, destination or financial plan – the equity in your home can take you further. Ask us about the power of your home’s equity today!
Editor’s note: segments of this article were taken from marketwatch.com.
*APR = Annual Percentage Rate. **Closing costs waived up to $1,000. Closing costs do not include appraisal fee ($150-$625) if required to complete loan. Minimum new disbursements of $25,000 required to receive no closing costs offer. $25,000 must be disbursed at the time of loan closing. Refinancing of current TruStone loans are eligible for the promotion with all requirements met, including $25,000 in new disbursements. Product offered is a 5/1 ARM (Adjustable Rate Mortgage) with the first rate change after 60 months, then annually thereafter. Interest Rate is variable based on Wall Street Prime + a margin. Rate based on credit history, loan term and LTV (Loan-to-Value). Rate includes discounts for activated TruStone Visa credit card and automatic loan payments from a TruStone account. Loan is subject to credit approval with acceptable form of collateral. Payments for the first 5 years are $18.30 per $1,000 borrowed. Promotion valid on applications received between 3/13/17 – 5/31/17 and closed by 6/30/17. Offer subject to change. Equal Housing Lender.