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PREMIER EQUITY LINE HOME EQUITY LOANS MORTGAGES
Put the equity in your home to work for you. Taking advantage of the equity you have accumulated is a great way to finance major expenses such as: home improvements, a dream vacation, a New car and you can even consolidate higher rate credit card debt.
Check out the advantages of a Premier Equity Line:
- Rate as-low-as 5.00% APR*
- Borrow up to 90% of the appraised value of your home (minus any existing liens)
- No closing costs
- Easy access to your line by check, It's Me 247 Internet Home Banking, CU*Talk or in our branches
- 15-year repayment term for a low monthly minimum payment (minimum of $104 per month)
- Interest may be tax deductible (consult tax advisor)
- Apply on-line or call 866.416.3700
- Offered on your primary residence, or vacation home, located in the state of Michigan
If you prefer a fixed rate, closed-end home equity loan we offer terms up to 10 years with great rates.
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Terms available
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5, 7, 10, or 15 year terms or
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7 year balloon with up to a 30 amortization schedule
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Loan amounts up to $250,000
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Low closing costs
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Interest may be tax deductible (consult tax advisor)
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Offered on your primary residence, or vacation home, located in the state of Michigan
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Documents needed to process your home equity request:
- Copy of Warranty Deed or Quit Claim Deed
- Copy of recent tax bill or SEV
- Proof of homeowners insurance
- Proof of income (recent pay stub, W2 or tax return)
*Premier Equity Line Annual Percentage Rate (APR) is based on applicant's credit history. Variable rate based on an Index and a Margin and is adjusted quarterly. Current APR as-low-as 5.00%. Equity Line Rate Maximum APR will never be more than 6% above the initial APR or 15% (which ever is less).APR cannot increase or decrease by more than 2 percentage points in any one-year period. Property, Title and/or flood insurance, if applicable, is required.
| Mortgages for Purchase or Refinance |
Premier Financial Credit Union has partnered with Capital Mortgage Funding to offer our members superior member service, life of loan servicing and access to over 250 mortgage products to meet our member's specific borrowing needs.
Whether your purchasing or refinancing your credit union has the mortgage to suit your unique situation. Below are just a few of the programs that we offer.
- Fixed Rate
- First time home buyer with 100% financing
- FHA and VA
- Jumbo
- No doc and stated Income
- Interest only
- Adjustable Rate Mortgages (ARM)
- Apply on-line, by phone, in-person at a PFCU office, your home or place of employment
For information about Premier Financial Credit Union's expanded mortgage services or to discuss your specific borrowing needs, call John Teweles at (800) 356-9728 ext 1211
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