Save Money Refinancing Your Mortgage with a 1st Lien Home Equity Loan
Have you considered using the equity in your home to refinance your mortgage? Refinancing with a 1st lien home equity loan offers significant cost savings in the form of much lower fees and closing costs. If you have questions about whether this type of mortgage refinancing is best for you, text or call (267)-580-0230 to speak with a loan officer via phone or email Loans@spiritfinancialcu.org.
1st Lien Home Equity Loan Features
No closing costs
Low, fixed rates
Flexible terms of up to 20 years
Borrow up to 90% of the value of your home**
Variety of fixed repayment options
Escrow accounts available
1st Lien Home Equity Loan Rates
Effective Date (11/16/2020) and Rates Subject to Change.
| Balance Tier | 1st Lien APR** |
|---|---|
| Up to 36 Months | as low as |
| Up to 60 Months | as low as |
| Up to 84 Months | as low as |
| Up to 120 Months | as low as |
| Up to 180 Months | as low as |
| Up to 240 Months | as low as |
**APR= Annual Percentage Rate. Rates are for qualified borrowers and are based on the credit worthiness of the individual and loan being in first lien position. Actual rates may be different than the rates shown. For LTVs over 80%, 1.25% will be added to the rate.