Borrow

Easy Refinance Loan

Preferred Product
80%/Borrow Up To
Fixed Rate
$1,500 closing cost for 10 & 15 year terms (may be financed).
10 & 15 year terms available.

Minimum initial loan amount of $25,000.
Borrow up to 80% of your home’s value up to FHFA maximum conforming loan limit.
If approved, closing time approximately 30 days.
Cash out option available, must be first or second lien position.

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Contact Our Mortgage Department

mortgage@ashlandcu.org

606-329-5487
1-800-245-8112

Do The Math:

Rate used in calculator is an example of a recent available rate and may not be current. Rate displayed may not be available to all applicants and is subject to change daily. Contact us for current rates.

Financial Calculator

Not all will qualify for the lowest rate.

Le’Ann Niece (Ashland, KY)

Mortgage Supervisor/Mortgage Loan Originator (MLO)
NMLS # 1892887

A good home is a place you can always come back to, and a great mortgage is one that helps you get there. Whether you want Conventional, VA, FHA, USDA, or our Easy Refinance; I’ll show you the best fit for your money and situation.

~Le'Ann Niece

Rates

Mortgage Program Rates

Type

Maximum Term

*APR as low as

Minimum Loan Amount

Additional Advances

Additional Information

Choice Home Equity^1,2

15 Years

6.75%

$25,000³

$500 minimum

No prepayment penalty. Offered in most states.

Easy-Refinance¹

15 Years

Call for current rates

$25k

Not Available

Cash-out option available

10 &15 Year Term-$1,500 fixed closing costs

First Mortgage

ACU offers low-rate first mortgages in most states.
Rates change daily. Call the Credit Union at 800-245-8112 to check current rates.

Payment Examples

HELOC- Estimated monthly payment on $10,000 loan with a 15 year term at 6.75% APR is $88.49.
Easy Refinance- Estimated monthly payment on a $25,000 loan with a 15 year term at 6.75% APR is $221.23.
First Mortgage- Estimated monthly payment on a $25,000 loan with a 30 year term at 6.75% APR is $162.15

*A.P.R. = Annual Percentage Rate
¹ Rate offered will be based on combination of factors including credit score and loan-to-value ratio. Property Insurance is required.
² Variable rate is subject to change semi-annually. Max rate is 24.00%
³ Maximum line-of-credit is the lesser of: 90% of the Market Value less 1st Mortgage OR FHFA Max Conforming loan limit, currently $726,200.

Mortgage Calculators