PUT THE VALUE OF YOUR HOME TO WORK FOR YOU
If it's flexibility you're looking for, consider a
Home Equity Line of Credit (HELOC). Use it to finance virtually
anything: home improvements, vehicles, education, travel and more. It
can also help you save money by refinancing or consolidating higher rate
loans.
-
Time and Money
Saving Benefits of a Riverfront HELOC:
-
Borrow up to
85%* of the property value
-
Up to 15-year
repayment term from the date of the last advance
-
No hidden or
annual fees
-
Minimum
advance of $250
-
Competitive
variable rate that follows market conditions when introductory rate
expires
-
Revolving line
of credit gives you the flexibility to borrow funds as you need them, up
to your credit limit
-
As you pay
back principal, the funds become available to use again
-
Easy access to
your home equity funds through Online Direct, Dial Direct, HELOC checks
or in person
-
Interest paid
may be tax deductible. Check with your tax advisor.
-
Protect
yourself with
Credit Life and Disability Insurance.
| Home Equity Line of Credit |
| Rates Effective: 5/1/2013 | APR |
| Real Estate Secured, Variable | 3.50% |
*Home Equity Line of Credit
available to PA residents only. Annual percentage rate (APR) of
3.50% for credit score of 680 and above with maximum 85% Loan to
Value ratio. Variable rate based on the Prime Rate as published by
The Wall Street Journal in its Money Rates table, plus or minus a
margin and will vary with the Prime Rate. The variable rate will not
be less than 3.50% or exceed 18%.
Rates stated as annual percentage rate. Loan rates are effective as
of the date indicated above and are subject to change at any time.
Actual interest rate will be determined based on member’s credit
history. Please call RFCU for current rates and terms at 800-451-3477 or 610-374-8351. Need a loan after hours.
Call 877-850-8231 seven days a week or apply online through Online Direct.
S.A.F.E. Act
Under the Secure and Fair Enforcement for Mortgage
Licensing Act of 2008 (S.A.F.E. Act) our
Mortgage Loan Originators (MLOs) are required to register with the
Nationwide Mortgage Licensing System and Registry (NMLS) and obtain
a unique identifier from the Registry. The names and NMLS identifier
registration numbers for Riverfront Federal Credit Union’s MLOs are
listed below. You can confirm the MLO with whom you wish to conduct
business with is actively registered at
www.nmlsconsumeraccess.org.
|
Mortgage Loan Originators |
NMLS Registration # |
Ronald
Wimer
James Arnidis
Clarissa Enslin
Doreen Dieter |
649135
744085
744102
744127 |
Loan Fees |
|
