Two Great Home Equity Options For You
Put your home's equity to work and start living your dreams. An Erie Federal Credit Union Home Equity Loan is an affordable way to reach your goals. Whether you're considering educational expenses, a home improvement project, or a fabulous vacation, our Home Equity loan options could be the perfect solution for you.
Two options: Loan or Line of Credit
A Home Equity Loan and a Home Equity Line of Credit both leverage the equity you own in your home for cost-effective borrowing power. The Home Equity loan gives you a lump sum of cash with a term for simple repayment.1 A Home Equity Line of Credit gives you an ongoing source of cash, so you can borrow what you need when you need it, without having to reapply.2
Either way, your membership with Erie FCU gives you great benefits
- Low rates
- Flexible loan options
- Easy online application
- Friendly, local service
- Interest on your loan may be tax-deductible3
Get started today! Our Home Equity Loan offer ends April 30, 2014. Don't keep your dreams waiting… apply online or a visit to any one of our seven convenient branch office locations. Let our expert lending professionals work with you to determine which loan is best for your needs!
1 Loans subject to credit approval. Rates, terms and conditions vary based on creditworthiness, qualifications and collateral conditions and are subject to change. 2.99% Annual Percentage Rate offer available with a maximum term of 60 months on new Home Equity loans with a minimum amount borrowed of $10,000 or an existing Home Equity with a loan increase of $10,000 or more. Payment example: 60 months at 2.99% APR with no payment protection produces a payment of $17.97 per $1,000 borrowed. 3.49% Annual Percentage Rate offer available with a maximum term of 84 months on new Home Equity loans with a minimum amount borrowed of $15,000 or an existing Home Equity with a loan increase of $15,000 or more. Payment example: 84 months at 3.49% APR with no payment protection produces a payment of $13.44 per $1,000 borrowed. Certain restrictions apply. Membership eligibility required.
2 The annual percentage rate may increase after consummation of the Home Equity Line of Credit. The minimum floor APR for a Home Equity Line of Credit that can apply is 2.99%. The maximum ceiling APR for a Home Equity Line of Credit that can apply is 18.00%. Certain restrictions apply. Membership eligibility required.
3 Consult your tax adviser for tax deductibility of interest.