Home Equity Line of Credit (HELOC) with Third Federal

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Home Equity Line of Credit (HELOC) with Third Federal

Opening a home equity line of credit (HELOC) or taking out a home equity loan is a great way to pay for the big things that can improve your family's quality of life, like tuition, home renovations, or starting a business. And because you’re borrowing against the value of your home, your interest rate is usually quite low. 

Home Equity Lines vs. Home Equity Loans

There are two types of home equity products — home equity lines and loans. Both products use the equity you have in your home as collateral, and serve as a second mortgage. A home equity line or loan doesn’t have to be with the same lender that has your first mortgage.

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Home Equity Rates

Home Equity Rates for October 26, 2020
Cuyahoga County, Ohio
All Mortgage Rates 0 Points
Product Rate APR
Home Equity Line of Credit 2.24% 2.24%
Product Rate APR
5/1 Home Equity Loan 3.79% 3.44%
Product Rate APR
10 Year Home Equity Loan 3.59% 3.59%
5 Year Home Equity Loan 3.29% 3.29%
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Rated 5 out of 5 by from Problem-free experience The Customer Service is top notch and the experience was surprisingly smooth, considering the potential obstacles associated with the pandemic. It also should be noted that Third Federal met our needs, even when other major banks have postponed their HELOCs due to "economic uncertainty". In summary, I'd do business with Third Federal again.
Date published: 2020-10-22
Rated 5 out of 5 by from Low rate_easy application Great rate and ease of application
Date published: 2020-10-22
Rated 5 out of 5 by from Great Rates, Great Service I was very impressed with the whole process and the competence and professionalism of every associate I interacted with. Money was wired to my account on the day of closing. And the best part was that the time frame was two weeks less than advertised.
Date published: 2020-10-22
Rated 5 out of 5 by from Low rates The customer service was over the top. He went beyond our expectations. He over delivered. He was awesome. This was a great experience. Thank you.
Date published: 2020-10-22
Rated 4 out of 5 by from Low rate Though turned down initially and I had to negotiate to complete process, the rest of the process was easy. I am pleased with results, rate, nice folks to deal with.
Date published: 2020-10-22
Rated 5 out of 5 by from Awesome Rates I was able to get a great rate on my home equity loan, easy process, excellent communication and customer service
Date published: 2020-10-21
Rated 3 out of 5 by from Good rate Long clumsy process
Date published: 2020-10-19
Rated 5 out of 5 by from Good rates, great customer service My loan officer was really, really great. She was very much on top of every step of the process.
Date published: 2020-10-18
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