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Contact
our Mortgage Department at
412-369-3807
or 3809
toll
free 1-800-496-8728
E-mail
mortgages@omegafcu.com
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Home
Equity Line of Credit |
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A home
equity line of credit (HELOC) allows you to borrow against the
available equity in your home, while giving you the flexibility of
deciding when and how much credit you want to access. And when you
need to access the money, it’s as easy and convenient as writing a
check! OMEGA FCU offers the following two types of home equity lines
of credit:
1. *Classic
HELOC: a maximum line of credit amount of up to 80% of your
home’s value
You can
use a home equity line of credit for any reason, such as a new car,
dream vacation, or home improvement! In addition,
with a HELOC, as your balance decreases,
you always have access to the available funds through check writing.
A home
equity line of credit may also offer you the advantage of a potential
tax deduction
based on the interest you pay. (Consult your tax advisor regarding the
deductibility of interest.)
*Certain
credit/program restrictions apply.
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Home
Equity Loan |
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If you’re
a home owner and have equity in your home, a home equity installment
loan may be right for you! We offer the following two types of home
equity installment loans for which you could qualify for:
1. *Classic
Home Equity Loan: a maximum loan amount of up to 80% of your
home’s value
Did you
know a home equity loan can be used for anything you want - vacations,
home improvements, bill consolidation, a
new car...
it’s
up to you!
OMEGA FCU offers home equity
installment loans at very competitive rates . A home equity loan may also provide a potential tax deduction. (Consult your tax advisor regarding the deductibility of interest.)
*Certain
credit/program restrictions apply.
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Fixed
Rate Mortgage |
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With a
fixed rate mortgage, you know exactly what your principal and interest
payment will be every month because your interest rate does not
change. Fixed rate mortgages are offered for terms of up to 30 years.
Consider a fixed rate mortgage if you want the certainty of a fixed
payment, believe interest rates will rise, or if you’re on a fixed
or restricted budget.
Get
a pre-approved Mortgage!
Our
mortgage loan representatives can help you determine what you can
afford and help you choose the mortgage type that fits your needs.
Also, a pre-approved mortgage is a great bargaining tool for any
prospective home buyer.
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Adjustable
Rate Mortgage |
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Compared
to fixed rate mortgages, adjustable rate mortgages (ARMs) offer
interest rates that are adjusted annually. Therefore, depending on the
economy, your payment could go up or down.
Consider
an ARM if you are confident your income will increase and are
comfortable
with the changing market.
*OMEGA FCU
allows members who meet certain credit criteria to convert to a fixed
rate mortgage after 12 months of repayment. A modification fee may
apply.
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Contact
Information |
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OMEGA FCU
has a friendly, informative staff to assist you with all of your
mortgage or home equity needs. You may contact our representatives for
rates, quotes or questions in the following
convenient ways:
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call
locally at 412-369-3807 or 3809 |
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call
toll-free at 1-800-496-8728 |
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email
mortgages@omegafcu.com |
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visit
our North Hills office |
Click
here for home loan tips
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