Home Equity Line of Credit
•Introductory Rate± 3.95% APR*
•Financing up to 100% of appraised value minus first mortgage
•NO CLOSING COSTS**
•10 year draw period
•15 year repayment period
  Fort Knox Federal's Home Equity Line of Credit allows you to access advances anytime and for any amount, up to the limit of your line of credit. You can access your line of credit with Convenience Checks or make advances through tellers or Phone Facts. If you prefer, use our Home Equity Fixed Rate Loan to borrow a specific amount. Both options offer great rates* and no closing cost**. Plus, the interest you pay may be tax deductible. Use your Home Equity Loan for planned purchases or for unexpected emergencies.
 

±Introductory rate will remain fixed for 6 months from time of disbursement. After this period, rate is indexed plus or minus a margin to the Prime Rate. Rate will then be subject to change, up or down, on a quarterly basis. Minimum draw is $250. Consult with your tax advisor about deductibility of interest.

*APR- Annual Percentage Rate.

**In the event the real-estate loan is paid off and closed out within three (3) years of the closing date, the member shall reimburse the Credit Union for those closing cost associated with the loan.

Fixed Rate Home Equity Loan
72 Month Fixed Rate 6.49% APR *
120 Month Fixed Rate 7.49% APR*
Rates current as of December 14, 2007. Call us for current rates.

 

 
 
 
   
 



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Your savings account is federally insured to $100,000 by the National Credit Union Share Insurance Fund (NCUSIF), administered by the National Credit Union Administration, a U.S. Government agency.