When you need extra cash, consider one of your lowest-cost resources – the equity in your home. At Advantage, you’ll never be charged an application fee. You’ll never face a “balloon” payment of several thousand dollars. You’ll never be charged an “annual fee” for your loan, and there are no closing costs* on a home equity loan or line of credit.
Let the equity in your home work to your advantage. A Fixed-Rate Home Equity Loan is probably the best choice to finance a large project or major remodel. With a closed-end loan, you’ll receive the entire loan amount at closing, and can choose from 5 to 15 years to pay it off. No closing costs.
15 Year Fixed Rate Home Equity rates for loans that are in the 1st Lien Position are available at a lower rate. Please call for a quote.
A Home Equity Line of Credit (HELOC)* gives you the flexibility to borrow funds as you need them. The line can be reused as it is paid down, without applying for a new loan. Using your line of credit is as easy as writing a check. With ten years of revolving credit, your funds are available anytime up to your limit, and there are no annual fees and no closing costs. An Advantage Home Equity Line of Credit (HELOC) offers:
Your Advantage Home Equity Line of Credit gives you low-cost funds to pay for:
An Advantage HELOC offers:
To apply for a Home Equity product please come into one of our locations or apply by phone at 585-454-5900.
HOME MORTGAGE DISCLOSURE ACT NOTICE
The HMDA data about our residential mortgage lending are available for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, and income of applicants and borrowers; and information about loan approvals and denials. To receive a copy of these data send a written request to:
Advantage Federal Credit Union
1975 Buffalo Road
Rochester, NY 14624