If you own your home, you may have equity built up that you can use as cash – for anything you need!!
- Pay off high-interest debt
- Finance a large purchase
- Anything!
Have high-interest debt and want to lower your monthly payments?** Give us a call!
| Examples of high-interest rate debt: | ||
| Card/Loan | High-interest Rate* | Use the equity in your home to get a lower-interest rate** and gain back some extra money each month! |
| Credit Card | 22% (the other guys-oh my!) | |
| Personal Loan | 18% (the other guys-ouch!) | |
| Store Credit Card | 25% (the other guys-yikes!) | |
Learn more about Home Equity Loans.
APR=Annual Percentage Rate. All loans subject to approval. Rates subject to credit and amount of equity in your home. Home Equity Loans are available for primary residences located in Nebraska or Pottawattamie County, in Iowa. Rates, terms and conditions are subject to change and vary based on creditworthiness, qualifications and collateral conditions. Other restrictions may apply. All loans subject to approval. The actual amount of your loan will be determined by the amount of equity in collateral. Applicants are responsible for cost of appraisal, if required. The closing costs depend on the location of the property and the amount of the equity loan. For loans up to $100,000, closing costs typically range between $225 and $1,000. Property Insurance is required. Consult your tax advisor for deductibility of Interest. You must be a member of the Credit Union to obtain a loan. There is a $5.00 minimum balance required in your share savings when you become a member. Interest accrues from the date of funding. Offer is valid for new loans only and is not available on refinances of existing FNCU loans. Rates as of 4/28/2023.
1) HOME EQUITY 80% LTV: Payment Example: For a $25,000 dwelling secured loan for a term of 60 months at 5.74% APR, the monthly payment will be $477.02. All payments calculated with loan-to-value of 80%. Rates are higher for LTV over 80% or terms greater than 60 months. Terms up to 180 available. Must have FNCU checking account with direct deposit and automatic loan payment. Members without a checking account, direct deposit and automatic loan payment may receive a slightly higher rate (.25%). Payment example does not include amounts for taxes and insurance premiums, if applicable, the actual payment obligation will be greater. Limited time offer.
2) HOME EQUITY 85% LTV: Payment Example: For a $25,000 dwelling secured loan for a term of 60 months at 5.99% APR, the monthly payment will be $482.25. All payments calculated with loan-to-value of 85%. Rates are higher for LTV over 85% or terms greater than 60 months. Terms up to 180 available. Must have FNCU checking account with direct deposit and automatic loan payment. Members without a checking account, direct deposit and automatic loan payment may receive a slightly higher rate (.25%). Payment example does not include amounts for taxes and insurance premiums, if applicable, the actual payment obligation will be greater. Limited time offer.
* Rate examples quoted are for illustrative purposes only. They are generic and based on averages in 2022. Source: wallethub.com.
** It is not guaranteed that consolidating multiple debts into a single monthly payment will result in a lower monthly payment or lower interest rate. Payment reduction may come from a lower interest amount, a longer-term loan, or a combination of both.
