Making good choices is all about knowing what your options are – especially where Real Estate Loans are concerned. That’s why we wanted you to know about these two great offers:
First Mortgage – $750 Off Lender Fees
Make the leap to first-time homeownership or refinance your existing non-First Entertainment mortgage with a rate as low as 4.125% (4.144% APR*) on our 30-Year Fixed Mortgage Loan. Plus, for a limited time, you’ll receive a $750 discount on lender fees.
HELOC – 1.99% APR** 6-Month Introductory Rate
Tap into your home’s valuable equity and use the money to remodel your kitchen, send your kid to college or even buy that new boat you’ve had your eye on. With loan amounts up to $250,000, our Home Equity Line of Credit could be your new best friend. Plus, there are NO points, NO closing costs, and NO lender, application or appraisal fees.† Really!
*APR = Annual Percentage Rate. Loans subject to credit approval – all members may not be eligible for both offers listed above. First Mortgage Loan APR is effective as of 06/01/2017. Rates are subject to change and are not guaranteed unless locked. Advertised APR is for a new residential 30-year fixed-rate conforming first mortgage with 0 points, maximum LTV of 60%, and excellent credit. The APR for which you are approved may vary based on prevailing interest rate conditions in the market and the specific characteristics of your loan transaction and your credit profile. Example monthly payments are based on a fixed rate, currently 4.125% for loans of $500,000. Monthly payments are for 30 years and require an excellent credit history and maximum LTV of 60%. Monthly payments are for principal and interest only and do not include amounts for taxes and insurance. Your actual payment amount may be higher. Refinancing to pay-off existing debt may extend the term of the debt, possibly resulting in higher overall costs and increasing the total amount paid when compared to your current situation. For First Mortgage applications received between 07/01/2017 and 09/30/17, First Entertainment Credit Union will waive Lender (processing and underwriting) Fees up to $750. Rates, terms and conditions are subject to change without notice. Offer ends 09/30/17.
**APR = Annual Percentage Rate. Loans subject to credit approval – all members may not be eligible for both offers listed above. Home Equity Line of Credit (HELOC) APR is effective as of 06/01/2017, but is subject to change. Offer available for new applications submitted within 60 days of offer and only for properties located in the State of California. Six-month Introductory APR period begins from date of loan closing. The 1.990% Introductory APR is fixed during the Introductory Period for all credit advances taken during such period. HELOCs have a 10-year draw period, and a 15-year repayment period. After the Introductory Period ends, the APR is variable and is based upon an index and a margin, as described below. The variable APR will apply to the outstanding balance as of the end of the Introductory Period or any subsequent advances. The APR as of 06/01/2017 is 4.50% (variable) and is based on a HELOC with a $50,000 credit limit in second lien position, with a combined loan-to-value (CLTV) ratio of up to 60% on an owner-occupied, single family primary residence, and a borrower with excellent credit. The index used is The Wall Street Journal Prime Rate (4.00% on 06/01/2017) plus a margin. Maximum APR is 18.0%; minimum APR is 4.00%. Margin, rate and payment amount may vary based on property value, loan amount, creditworthiness and other factors. Your actual rate and payment amount may be higher than advertised rate and payment amounts. Property insurance is required; flood insurance may be required depending on the location of the collateral. Rates, terms and conditions are subject to change without notice. Offer ends 09/30/17.
†Primary borrower must be on title to collateral. No points, appraisal fees, or closing costs for loans up to $250,000, in second lien position on owner-occupied single family primary residence. A $50 annual fee applies to all HELOCs but is waived for the first year. HELOCs closed within 36 months of open date are subject to a $300 Plan Cancellation Fee. Please consult your tax advisor regarding interest deductibility. Credit and collateral are subject to approval. Terms and conditions apply. Rates, terms and conditions are subject to change without notice. Properties not eligible: Apartment Conversions, Cooperatives, Manufactured Homes, Mobile Homes, Time-share Units, Lots or Homes Undergoing Construction, Commercial, Investment and Rental Properties, or other Unique Properties.