Home Equity Line of Credit with Third Federal
A home equity line of credit (HELOC) is an authorized loan amount that offers you flexibility. Opening a HELOC is a great way to pay for home improvements, college tuition, or consolidating higher-interest debt.
The Flexibility of a Home Equity Line of Credit
You may use the home equity line of credit funds as little or as often as needed, and the amount is replenished as it’s repaid. Plus, you only pay on the borrowed amount. Funds are available for up to 10 years and may be accessed from a debit card or by writing a check from the account.
Home Equity Line of Credit Rates
| Product | Rate | APR |
|---|---|---|
| 5/1 Home Equity Loan | 6.590% | 6.983% |
| Product | Rate | APR |
|---|---|---|
| Home Equity Line of Credit | 6.740% | 6.740% |
| Product | Rate | APR |
|---|---|---|
| 5 Year Home Equity Loan | 6.590% | 6.590% |
| 10 Year Home Equity Loan | 6.690% | 6.690% |
| 15 Year Home Equity Loan | 6.790% | 6.790% |
| 20 Year Home Equity Loan | 6.890% | 6.890% |
Benefits of a Third Federal Home Equity Line of Credit
No Fees or Closing Costs
With a Third Federal home equity line of credit, no closing costs, or hidden fees. Make additional payments at any time without penalty.
Refiance Your Exisiting Line of Credit
Do you have an equity line with another lender? It's easy to refinance your current line of credit with Third Federal and take advantage of our lower rate. Tell us when you apply that you would like to refinance your existing line and we'll take care of the rest.
Flexible Equity Options
Draw on your line for 10 years with a 30-year total repayment period. No minimum balance or initial draw required.
No Teaser or Introductory Rates
The rate you see is the rate you get. The variable rate is good for the life of the loan.
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