Home Equity Line of Credit
A home equity line of credit is a revolving line of credit that offers flexibility to access available funds for a set term. With rates near an all-time low, a Third Federal Home Equity Line is a great option if you are looking to make a home improvement, purchase a car, pay for college tuition or consolidate high-interest debt. You can use your home equity line for whatever you need, whenever you need it!
With a Third Federal Home Equity Line of Credit, you begin paying back the principal right from the start. This enables you to build equity faster and gives you a consistent monthly payment throughout the life of your loan. The best part is that there are no large payment increases at the end of the draw period.