Home Equity Loan

5, 10 and 15 YEAR FIXED RATE HOME EQUITY LOAN

A fixed rate closed end mortgage loan secured by a borrower's primary residence. Lien must be in a "second" position.

Features:

1. Minimum $10,000.00.
2. Up to 80% Appraised Equity, owner occupied one to four family home.
3. Up to 80% Appraised Equity, owner occupied condominiums or mobile home.
4. Lien placed for full amount of the loan.
5. 40% Debt-to-Income on Total Indebtedness.
6. 5% late fee of payment on payments more than 10 days past due.
7. Hazard Insurance - provided by the borrower.
8. Negative Credit Report issues to be cleared by the borrower.
9. Escrow not required for taxes and insurance.

Loan Amounts of $25,000.00 and over - No Closing Costs

Complete a Home Equity Loan Application now 

For more information, contact Tina at tinay@membersfirstctfcu.com or by phone at (203) 237-6424 x115.