Home Equity Line of Credit

• Financing up to 100% of appraised value minus first mortgage
• Rates as low as 3.20% APR*
• NO CLOSING COSTS**
• $199 application fee
• 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.
 

*APR- Annual Percentage Rate. Quoted APR is for qualified borrowers.

**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 January 15, 2010. Call us for current rates.

 
 
 
   
 



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