Princeton Federal Credit Union - A Tradition of Financial Excellence - Loans - Real Estate Loans


		Real Estate Loans Home Mortgage Mortgage interest rates are low and there are great opportunities to finance your home affordably through the Credit Union. Purchase a new home with a mortgage loan that meets your budget. Many members who thought buying a home was out of their reach have been pleasantly surprised to learn that they could take advantage of today’s low rates and buy now! Home mortgage refinancing continues to be strong. Refinance your existing mortgage to achieve your family goals! Start home improvement projects, lower your monthly payments or consolidate your debt with a Princeton Federal Credit Union mortgage. Up to a 30-year fixed rate and adjustable rate loans are available in all 50 states. Mortgage Department 800-472-9579 Mortgage Department Hours of Operation Monday – Friday 7 am – 8 pm Saturday – 9 am – 1 pm Home Equity Loans Whether you are looking to make home improvements, buy a car, pay for school tuition or simply payoff your credit card debt, the equity in your home could be the key. You can borrow up to 85% LTV (loan-to-value) of your home, less the first mortgage balance. An application fee of $199 will apply. There are no pre-payment penalties ever if you pay your loan off early. Plus, the interest you pay on a home equity loan may be tax deductible. Check with your tax advisor. Home Equity loans are available in the states of New Jersey and Pennsylvania only. Fixed Rate Home Equity Loan Choose a term up to 20 years to repay. The rate is fixed for the entire term of your loan. The monthly payment per $1,000 at 6.24% for 240 months (20 yrs) would be $7.31. Check the current loan rates today! Variable Rate Home Equity Line of Credit This variable rate home equity line of credit allows you to establish a credit limit and only borrow as needed at your convenience over and over again. You are under no obligation to borrow. However, the funds are there for you in the event of need or an emergency. Check the current loan rates today! Conveniently access funds day or nigh via Call24 or CU Direct home banking. Courtesy checks are available upon request. Minimum advance - $500 Important Home Equity Line of Credit Disclosure Information Don’t Delay, Apply Now! We survey area financial institutions to compare our home equity loan rates often. You can feel confident that our rates are very competitive and the only out of pocket expense to you is a $199 application fee. Don’t wait any longer to get the money you need. Call our main office today at 609-945-6200 and press 4 to speak with a representative in the loan department. We will gladly start your application over the phone. If you’d prefer to speak in person with a loan officer about your next home equity loan, call and schedule an appointment at our Carnegie Center branch office that is convenient for you. Appointments are appreciated but not required. Home Equity loans take at least seven (7) business days to process. Information needed for application process: Completed home equity loan application Proof of income (pay stub) Copy of signed tax returns if self employed (last 2 years) Copy of 1st mortgage statement – showing current loan balance Copy of homeowners insurance and flood insurance (if applicable) We do business in accordance with the Federal Housing Law and the Equal Credit Opportunity Act.