95% Home Equity Loans now Available

Recognizing that many members wanting to obtain a credit union home equity loan have been unable to borrow under the current 90% of appraised value guidelines, your credit union is now offering home equity loans up to 95% of the appraised value, less any first mortgage. Credit lines up to $50,000 are available.

Home Equity I, II, III & IV -- Four Great Programs

Home Equity I*

• Prime + 1% lifetime rate.
• The APR for the first six months would be 3.0% after six months the rate would be, as of 2/15/08, 7.0%.
• Up to 90% equity financed minus any first mortgage.

Home Equity II*

• Prime - .60% lifetime rate.
• The APR for the first six months would be 2.90% after six months the rate would be, as of 2/15/08, 5.40%.
• Up to 85% equity financed minus any first mortgage.

Home Equity III*

• Prime + 1.25% lifetime rate.
• The APR, as of 2/15/08, would be 7.25%.
• Up to 95% equity financed minus any first mortgage.
• Principal and interest payment during ten year draw period.

Home Equity IV*

• Prime - .25% lifetime rate.
• The APR for the first six months would be 3.0%, after six months the rate, as of 3/31/08, would be 5.75%.
• Up to 95% equity financed minus any first mortgage.
• Interest only payment during five year draw period.

* All rates are variable and may change monthly.

Must be a member of Visions Federal Credit Union, a membership fee of $1.00 is required with a minimum balance of $25.00.

The maximum Annual Percentage Rate that can be charged is 15.8%

You must pay certain fees to third parties. These fees generally total between $415.00 and $1365.00. If you ask we will provide you with an itemization of the fees you will have to pay to third parties.

Loan Link, 24 hours a day: 1-888-327-7730