Home Equity Loan Promotion
First Federal Credit Union has been serving members and their families in Iowa for 100 years. Founded in 1926 as Cedar Rapids Postal Employees Credit Union, we are Iowa’s second oldest credit union.
Help us celebrate the 100-year anniversary of First Federal Credit Union by taking advantage of this unique home equity loan promotion.
Use 100% of your home’s equity.
Your home may be a valuable financial tool! With a 100% LTV home equity loan from First Federal Credit Union, you can put your home’s built-up equity to good use.
Home equity funding can be used for almost anything. While home repairs and remodeling are a popular use for these funds, the fact is that you have countless options. Home Equity Loans and Lines of Credit are cost-effective ways to pay for education costs, vehicle purchases, medical treatments, family vacations, consolidation of high interest debts and much more.
Two options to choose from: Home Equity Loan or a HELOC Loan.
Advantages of a Home Equity Loan
- Get all your money up front
- Fixed monthly payments make budgeting easier
- Schedule convenient automatic payments from your FFCU checking account
- Fixed interest rate for the duration of the loan
- No prepayment penalties
Advantages of a HELOC Loan
- Get access to a loan that you can tap into as often as you wish for a five-year period
- Only pay interest on the funds currently in use
- As you repay the loan balance, you can reuse the funds for other purposes
- Adjustable rate, so when rates fall, you will always be getting the current market rate
- No prepayment penalties
