Moving Your Equity Line to Third Federal
Most people know that it makes good economic sense to refinance your mortgage if you can find a lower rate. But did you know it also makes sense to refinance your home equity line? In fact, last year alone over six million people refinanced their equity lines.
At Third Federal, we try to provide the lowest rates possible on home equity lines of credit. Usually, our rates are about .50% below the market average. This saves the average customer about $2,000 over the life of their line of credit. And because we never charge closing costs or prepayment penalties, thousands of people refinance their equity lines with Third Federal every year!
It’s easy to refinance your line of credit with Third Federal. Just let us know that you want to refinance your existing line of credit when you apply and we’ll take care of the rest. You don’t even have to contact your current lender—we’ll verify your line balances and arrange to pay it off with them for you.
Benefits of a Third Federal Equity Line:
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- Lower Rate (.50% lower on average)
- No Closing Cost
- No Minimum Draw
- No Prepayment Penalty