We offer a first mortgage
line of credit with a lower rate than a traditional Home Equity Line of Credit.
Not only is it a better
rate,
but it also costs far less than traditional 1stMortgage
loans! Plus, there is no application fee. As you pay-off your first mortgage, you can borrow on your line of
credit up to the available limit.
It’s the perfect first mortgage option… it’s a first
mortgage that gives you access to a line of credit!
Whenever the need arises to
advance funds, you have easy access! We’ll give you free checks to access
your available line of credit and you can also transfer funds from your Equity
Rich Line of Credit into your share/savings account or FREE GECU checking account using Online
Banking!* Check out the details below:
This loan is for your primary residence only
The
minimum finance amount is $7,500
The
maximum loan-to-value is 80%
This is available
for a 10-year period with a 5-year repayment period
Additional details include:
No closing
costs*
No annual
fee - ever
No
prepayment penalties
No escrow
account
No application fee
Free GECU
Equity Rich Line of Credit checks
Make
transfers from your line of credit into your savings or checking whenever
you need it, 24-hours a day with Online Banking*
Tax
deductibility*
Apply for the best answer to
refinancing a short term 1st
Mortgage loan today!
