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Home Equity Rates As Low As 5.00% APR!!! Check out our rates page for a list of current rates
Whether you choose a fixed term or Line of Credit, we have the home equity loan to suit your needs!
The fixed term loan has a up to a 20 year repayment with a 5 year balloon and an 80% loan to value maximum.
Home Equity Line of Credit has a variable rate, 20 year term and a loan to value of 100% maximum (current rate 5.00% APR).
See a Loan Officer TODAY to take advantage of these great rates! (some conditions may apply)
Home Equity Prime Line
Do you need some extra cash for some home improvements or repairs? Do you want to pay off some old bills that seem to be lingering about? How about getting some cash together for that vacation you have been dreaming of? If you answered yes to any of these questions, you should look into a home equity loan from Grand Valley Co-Op Credit Union. Our Home Equity Prime Line is the credit union's newest loan product, and here is how it works.
The Home Equity Prime Line is an open line of credit that uses checks to make credit advances.
The interest rate on this loan is set to the Wall Street Journal prime rate; floor rate 5.00% APR.
You can borrow up to 100% of the equity in your home.
There are no fees for writing a check and no monthly fees to keep the account open.
Convenient 20 year term available.
Members start out with 50 checks to draw from this line of credit and additional checks are free upon request.
Call the credit union for more details.
Fixed Rate Home Equity Loans
The credit union also offers fixed rate home equity loans. Members can borrow up to 80% of the value in their homes, less existing liens. We offer up to a 20 year term with a 5 year balloon
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