Let the Equity in your home help you consolidate bills, pay off high interest rate credit cards, start or finish a home improvement project or take care of college tuition.
Fixed Rate Equity Mortgages: Whatever the purpose, our fixed rate, fixed term Home Equity Loan can help. You borrow the amount you need up front for up to 15 years. This loan helps you rebuild the equity in your home because with each payment you’ll be reducing the principal of your loan. This product is also available to condominium owners.
5/1 Adjustable Rate Equity Loan: This loan allows you to take advantage of low initial rates for the first five years of the loan. It also allows you to extend the term of the loan for up to 15 years. The initial rate is still one of the most competitive rates you will find for an Equity loan. Ask one of our Mortgage Specialists how this new product can work for you. This product is also available to condominium owners.
Home Equity Line of Credit: This is our most flexible Home Equity option with fixed and variable rates available. When you need funds, simply access this revolving line of credit by writing a check or receiving a cash advance when you visit TFCU. Affordable payment terms and easy access to your money make our Home Equity Line of Credit one of our most popular products. This product is also available to condominium owners.
appraisal is needed.