Your home may have the keys to your financial goals. Whether you're enhancing your home, improving your financial wellness through debt consolidation, or preparing for future expenses, your home's equity can help.
We offer flexible solutions, including:
- 5-year, 10-year and 15-year repayment options available
- Opportunities to borrow up to 133% of your home's equity, minus any first mortgage balance, up to $100,000
- No points paid by you
The interest on the Home Equity Loan may be tax deductible.*
*Partners 1st is not a tax consultant, therefore all questions concerning tax deductibility or tax liability should be directed to the IRS or your tax advisor.
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As a homeowner, you're accumulating borrowing power. That's power to have a bit of financial freedom. Whether you want money to pay off debts for home improvements, educational expenses or just about anything else, our interest only home equity line of credit lets you use your home's equity any way you want, as it's more flexible than a typical home equity loan.
As the equity in your home grows, you can borrow against the equity of your home to make your dream a reality with a home equity line of credit with great rates from Partners 1st. The application process is simple, and you can rest easy knowing the staff at Partners 1st is behind you every step of the way.
The possibilities with a Partners 1st home equity line of credit are endless:
- Finance home improvements
- Consolidate bills
- Further your education
Home improvement loans through Partners 1st are an excellent way to finance your home improvement projects. Rather than putting it all on a credit card, where rates are much higher, take out a home improvement loan, which has tax deductible interest for most borrowers.
Make your current house the home of your dreams with so many great benefits, including:
- Borrow up to 133% of your home's value (Secured)
- Unsecured loan options ($7500/10 Year Amortization)
- Secured loan options (up to $100,000/15 Year Amortization)
Eligible owner occupied property types: Single Family Detached, Townhouse, Condominium. Work order and/or materials list required, must be used for home improvement only.
For more information and to get one step closer to finishing that home improvement project, contact us at mortgage@partners1stcu.org or call 260-471-8336 or 800-728-8943.
*Home improvement loans $7,500 or less will be unsecured and require a minimum credit score of 660. Loans above $7,500 will be underwritten as a fixed rate second mortgage minimum credit score of 660. APR = Annual Percentage Rate.