Home Equity

Now that you are a homeowner you have been building equity in your home. P1FCU lets you use your home’s equity to finance whatever you desire such as a kitchen remodel, or perhaps to consolidate your debts.

Fixed Rate Home Equity Loan

  • Home Equity loans have attractive interest rates and in most cases offer tax advantages (consult your tax advisor).
  • Finance up to 80% of total loan-to-value in your primary residence.
  • Fees paid by the borrower*
  • Finance up to 90% of total loan-to-value(LTV) in your primary residence if P1FCU is the holder of your first mortgage - otherwise the maximum LTV is 80%.
  • Interest is usually tax deductible (consult your tax advisor).

The annual percentage rate (APR) may vary and the maximum APR is 18.00%. The rate you receive depends on your individual credit history. Maximum loan amount not to exceed $250,000.

Home Equity Line of Credit

  • Interest Rate/APR - Prime Rate as published in the Wall Street Journal + Margin based on Credit Score
  • Payment - Minimum monthly payment will be based on interest due
  • Term - Five years draw period followed by a 15-year amortized repayment period.
     

*Fees paid by the borrower include: appraisal fee, title search and recording fee and closing fees

Contact Us

Are you ready to schedule an appointment, or have a question for one of our mortgage professionals? 

Give us a call today or submit the form below!
208.746.8900 x 2117

 

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