Turn Your Mortgage into a Home
Pay off your
biggest loan even faster!
Not long ago, consumers turned to home equity
loans mostly to fund such projects as remodeling the kitchen or
building a deck. Not anymore.
*Consult your tax adviser. Must apply before September 28, 2012. Minimum amount to qualify is $5,000. The Home Equity Line of Credit
is a revolving line of credit that is subject to change semi-annually. See our website for state availability.
Today, people borrow against their home's equity for everything
from consolidating debt, paying for medical bills, college
tuition, cars, or even to pay off your first mortgage.
If paying off your mortgage with a Home Equity sounds like a
strange idea, consider the following: Mortgage rates are at
record lows, but ACU's Choice Home Equity rates might be even
lower. With current rates of 3.25% APR (15-year variable rate)
or 4.25% APR (10-year fixed rate), it is a great time to apply.
To refinance a mortgage, you often have to repay closing costs,
which can amount to thousands of dollars. However, if you
refinance it to a Choice Home Equity, there are no closing
costs, which means your balance doesn't go up the day you
refinance. This helps keep your payments low. An added bonus is
that the interest you pay is usually tax deductible.* If you
would like to find out if you can pay off your mortgage in 10-15
years, talk to a loan officer today.
If you have a small mortgage at a higher-than-average rate, consider
replacing your first mortgage with
a Choice Home Equity. Every member's mortgage situation is different, but
you might be able to reduce your monthly payment, pay less in
interest, and pay off your loan even sooner than you planned.
For a limited time, get a $50 Visa Gift Card with any Choice
Home Equity approval of $5,000 or greater to spend on you, your
home, or however you wish! If you are looking to pay off your
home or have outstanding bills that you might want to
consolidate, ACU can help you reach your financial goals. Contact
us today to discuss our Choice Home Equity options and how they
can benefit you.