Your home may be your largest asset. Let Direct Financial help you utilize it. Access the benefits within your home by using the equity in your house to fund education for your children, purchase a new vehicle, make improvements to your home, or to take a vacation. You may receive a tax benefit for doing so! (See your tax advisor to learn if you would qualify for a tax benefit.)
Direct Financial offers Home Equities as fixed rate term loans or as a revolving line of credit. You can choose the loan that is right for you so your payments stay manageable.
This variable rate revolving line of credit puts you in control. Need cash now? Take funds when needed, or get peace of mind knowing your money is available when you need it - use it as a line of credit. You control how much you owe by how much you borrow.
Flexible Payment Options*
*Or you can choose to pay down principal as well- it's your choice.
|Annual Percentage Rate1||Index2||Margin||Loan to Value3||Alert Me|
|5.00%||5.50%||- 0.50||up to 80%|
|Generally, fees paid by Direct Financial. If appraisal required, member-paid fees may range from $350 to $550. For Home Equities in first Mortgage position, members may be required to pay Title Examination fees which may range from $250 to $500 and Title Insurance fees which may range from $1.65 to $2.75 per $1,000 borrowed.|
The proceeds of this loan are fully disbursed at the loan closing. Principal plus interest payments begin immediately for the term of the loan. This loan is good for amounts known to you and that you want to repay in a specific time period. It is good for the purchase of autos, RVs, ATVs, education expenses and vacations.
|Annual Percentage Rate1||Term||Monthly Payment per $10002||Loan to Value3||Alert Me|
|3.70%4||5 years||$18.33||up to 80%|
|4.70%4||10 years||$10.49||up to 80%|
|5.50%4||15 years||$8.20||up to 80%|
|Generally, fees paid by HealthOne. If appraisal required, member-paid fees may range from $350 to $550. For Home Equities in first Mortgage position, members may be required to pay Title Examination fees which may range from $250 to $500 and Title Insurance fees which may range from $1.65 to $2.75 per $1000 borrowed.|
Institutional ID # 446767
With Direct Financial’s MyChoice Mortgage, we don’t choose the terms of your loan – you do! Just pick the interest rate or the loan term that best suits your needs and get a mortgage that is truly tailored to your individual goals. Here’s how it works:
The lower the term, the lower the rate!
Direct Financial’s MyChoice Mortgage is designed to be quick and easy. No appraisal is needed (in most cases) and closing costs are generally limited to $150. As a result, it is a great way to:
Ready to learn more? Call us at 800.966.8200, or apply online.
*APR=Annual Percentage Rate. The APR is the Credit Union’s “as low as” rate effective June 1, 2019. PAYMENT EXAMPLES: The monthly payment on a 10 year loan with a rate of 3.25% APR would be $9.77 per $1,000 borrowed. The monthly payment on a 1 year loan with a rate of 2.125% APR would be $84.30 per $1,000 borrowed. All Credit Union loan programs, rates, terms and conditions are subject to change at any time without notice. Rate listed is for a refinance mortgage on owner-occupied single family detached primary residences only. Other restrictions may apply.
Institutional ID # 446767