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Home > Home Equity Loans...
Home Equity Loan Comparison
Kirtland Federal Credit Union has a variety of home equity loans to fit your needs. Our underwriting guidelines are flexible, and our interest rates & fees are very competitive! Obtaining your mortgage from KFCU also gives you the convenience of keeping all your finances in one location.
Loan |
Features |
Best For |
Home Equity Loan
Fixed Rate Loan
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- Predictable monthly payments that stay the same, no matter how the economy changes
- Funds are provided in one easy, lump-sum disbursement
- Interest charges may be tax deductible
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- Major one-time expenses such as buying a new car, financing the down payment on a house, or consolidating bills
- Members who are financially conservative and prefer a simple product for a one-time need
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Home Equity Line of Credit (HELOC) Variable Rate Loan
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- Monthly payments vary depending on the current rate and amount you have borrowed
- Can be used anytime, for any kind of expense
- Interest charges may be tax deductible
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- Ongoing expenses, such as home improvements, educational and medical expenses, life events (new baby, wedding, etc.)
- Members who have multiple needs now and in the future and are less concerned about changing rates and monthly payments
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Rapid Remodel Loan |
- Great way to finance home improvements and lessen the impact of remodeling costs by spreading them over a length of time
- Interest charges may be tax deductible
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- Home improvements and remodeling
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