You'll find all of the financial services
you will need at Frederica Credit Union.
Personal Loans (Installment Loans)
This is the traditional method of financing automobiles,
recreational vehicles, boats, jet skis, or just about
anything. Terms are available for up to 60 months for any
amount. And, since the payment stays the same for the
life of the loan, you can even have your loan payment
automatically deducted from your Frederica Credit
Union checking or savings account.
Unsecured Personal Loans and Lines
of Credit
Fixed rate personal loans without collateral are available
for up to 60 months to those who qualify. Since you can
lock in a low rate, your payment stays the same from
month to month and you always know your payment
amount. One of the most convenient loan services
around is a personal line of credit that enables you to
establish a maximum credit limit to borrow for any need
you may have. You can determine how much of the line
you want to access. Interest is not charged on the unused
portion of your line.
Single Payment Loans
Need to borrow some money for a short term? Secured
and unsecured loans are available for 12 months or less.
You pay the loan amount plus interest at maturity. Or,
you can pay only the interest at maturity and roll the
loan amount into a personal installment loan for regular
fixed payments.
Mortgage Loans (First Mortgage)
Looking for a home loan with great rates and little up
front costs? Frederica Credit Union can help you realize
your lifelong dream of home ownership. Let us help
you with just the right home mortgage to fit your
needs.
Terms are available at a fixed rate for up to 10 years
and adjustable rate mortgages are available for up to
40 years. We can also assist you with re-financing your
current home loan to reduce your monthly payment.
You'll find the lowest closing costs around because
there is no loan origination fee. Normally that's 1%
or more of the loan amount. That can add up to
hundreds, maybe thousands of dollars. You also won't
find the traditional private mortgage insurance fee or
intangible tax.
If you are looking to finance a real estate lot, we can
help you with a longer term that can make your
payments more affordable. At Frederica Credit Union
we've streamlined the loan process to make it simpler
than ever so you can avoid unnecessary paperwork and
get in your home faster. Call for a rate quote today.
Second Mortgage Loans
Use the equity in your home to secure a fixed
rate second mortgage to add a deck, build a
sunroom, remodel your kitchen or make any home
improvement. You'll increase the value of your most
important asset - your home - and enjoy your
improvement at the same time. Terms are available at a
fixed rate for up to 10 years so you can keep your
payments low and make your project affordable. If you
need a longer term to reduce your payment, adjustable
second mortgage loans are also available for up to
40 years. With a Frederica Credit Union second
mortgage loan you can access up to 90% of your
home equity and the interest you pay may be tax
deductible. Closing costs are ever so low and
paperwork is minimal.
Home Equity Lines
With a Frederica Credit Union equity line, you can access up to 90% of the equity in your home to
purchase what you need, when you need it, just by
writing a check. It's the simple and convenient way to
borrow money these days. You won't have to go back
for a new loan each time a new need arises. Interest
is charged on the outstanding balance only and the
rate is tied to the Prime Interest Rate allowing you to
adjust with economic conditions. And, just like a first
or second mortgage loan, the interest you pay may be
tax deductible. You'll find low, low closing costs too,
which makes it a deal that can't be beat.
|
