Remodel. Rebuild. Really.
- Lock in your rate for the length of the term
- Receive funds up front
- 5-, 10-, and 15-year loans
Home equity fixed rate vs. home equity line of credit: What's the difference?
When you take out a home renovation loan, you can choose a revolving line of credit or a fixed rate loan for a specified term length. A fixed-rate home equity loan is great for helping you budget, since you'll have predictable monthly payments for the life of your loan. But if you need flexibility and plan to use the funds periodically over time, a HELOC could be a better option.
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APR = Annual Percentage Rate.
Rates as of April 1, 2024.
1 APR = Annual Percentage Rate. Rates and terms are based on your creditworthiness, income, and collateral. The 1.25% Rate Discount is from the standard posted interest rates for the OneAZ Equity Fixed Rate Second Mortgage Loan Products. Additionally, the discount/reduction is valid for the full duration of the loan term. The interest rate (with promotional discount) may range from 7.138% to 9.041%. The Interest Rate is based on the term/length of the loan, borrowers FICO Credit Score, Combined Loan To Value (CLTV) and Loan Amount. Borrower is under no obligation to accept the Promotional Discount/Reduction and may instead opt to select one of the standard Equity Fixed Second Mortgage Interest Rates as reflected on the OneAZ Website: https://www.oneazcu.com/about/resources/todaysrates/
Terms & Conditions apply. Rates and terms are subject to change at any time. In order to qualify for the 1.25% rate discount, you will need to agree to the following: 1) Establish membership, open a NEW checking account AND 2) Set up recurring monthly direct deposit of $1000 or more within 60 days of account opening.
Eligible Properties: Single Family Residences, PUDs (Planned Unit Development), Owned Occupied Duplexes, Townhouses.
Ineligible Properties: Condos, Manufactured Homes, Rental Properties, Second Homes, Triplex/Fourplex Multi-Unit Properties, Investment Properties, Out of State Properties, Commercial.