Whether you're planning a family vacation or a home improvement project, we've go the loan solutions to fit your needs.
Which loan option is best for you?
|Rate||as low as 4.00% APR* (adjustable every 5 years)||as low as 9.74% APR** (fixed rate)|
|Minimum loan amount||$10,000||$300|
|Maximum loan amount||borrow up to 95%* of the homes equity (with us)||$15,000|
|Application Fees||appraisal fee ($200-$400)||none|
|Draw period (When will I receive my funds?)||anytime within 10 years||at loan closing|
|Repayment terms||15 years from last draw||5 years|
|Loan Decision||after appraisal||one hour|
|Funds Available||typically 3 weeks||usually same day|
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Or call us at 586-466-7800 and we can answer your questions and get you started.
HELOC (Home Equity Line of Credit) Disclosures:
*Current FreeStar Financial mortgages can apply for a HELOC up to 95% of the homes current equity, and first lien or non-member mortgages can borrow up to 80% of the home's current equity up to $100,000 maximum loan limit. Appraisal fee for a current member mortgage is $200. Appraisal fee for a first lien HELOC is $400. A loan of $50,000 at 4.00% APR for 180 months would have a monthly payment of $370.00. Promotional rate is subject to change at any time without notice.
Personal (a.k.a. "Signature") Loan Disclosures:
**APR=Annual Percentage Rate. Rate is “as low as” and may change based on credit history, term and other determining factors. Payment example: A fully protected loan of $5,000.00 at 9.74% for 60 months would have a monthly payment of $106.01. Members who elect credit life and credit disability coverage or who have a checking account with direct deposit are eligible for the promotional rate. Promotional rate is subject to change at any time without notice. Equal opportunity lender.
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