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Home Equity Loans (in PA only)
Your home is one of your biggest assets and one of your best sources for cash. A home equity loan lets you put the equity you've built to work for you! Borrow up to
90% of the value of your home. With our low fixed rates and terms up to
240 months, a Home Equity Loan at UGI Employees Federal Credit Union is the perfect way to remodel your kitchen, add a deck, pay college tuition, or anything you've been wanting to do. Applying is easy and convenient! You can call us for an application, or stop by the office.
- Available on primary residence
- Interest may be tax deductible*
- Low cost voluntary credit life and credit disability coverage available
- Flexible repayment options
Home Equity Line of Credit Loans¹ (in PA
only)
A HELOC loan allows you to put your home to work for you with the
flexibility to use your line any time for any expense. With a HELOC
loan you can consolidate your high interest credit cards, decorate your home
or prepare for the future.
- Available on primary
residence
- Convenient access through
checks, online banking or at any branch
- No prepayment penalty
- 5 year draw period
followed by an additional 15 year repayment period
- Interest may be tax
deductible*
- Borrow up to 80% of the
equity in your home
- Automatic deduction
payment option available
- Initial draw not required
– no minimum or maximum advances
- Rates vary and adjust
quarterly based on the Wall Street Journal Prime Rate (Index) plus a
margin** of as low as 0.0% APR***
- Minimum rate is 5.00%
APR*** & maximum life time interest rate will not exceed 18% APR***
- Low cost voluntary credit life and credit disability coverage available
Home Equity Balloon Loan (in
PA only)
An alternative to our standard Home Equity Loan, the
Home Equity Balloon Loan allows you to borrow up to 80% of the value of your
home while offering a lower monthly payment! For instance:
Home Equity Loan:
$50,000 would be $442.62 a month
Home Equity Balloon Loan:
$50,000 would
be $284.01 a month
The payment is calculated on up to a 30 year term.
The maximum term of the balloon loan option is 5 years.
Click here for current
loan rates
Use our Loan Calculator to determine the loan financing and payment options that are
best for you!
*Consult a tax advisor
regarding the deductibility of interest
¹You must pay certain fees to third parties to open the home equity line of credit plan. These fees generally total between $170.00 and $550.00. If you ask, we will provide you with an itemization of the fees you will have to pay third parties.
** Margin depends on your
individual credit history
***Annual Percentage Rate
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