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Family First Federal Credit Union: Home Equity Loans

Branches are located in American Fork, Pleasant Grove, Orem, Springville, Payson, Lindon and a Home Business Loan Center in Orem. Anyone who lives, works or attends school in Utah county or has a family member who does, is eligible for membership. As a primary financial institution, Family First is dedicated to providing its members with high quality service, friendly staff and convenient account access to better meet their needs.

— Reuters

Kate Whittaker guests on Studio 5 with more information about Family First Federal Credit Union


Now is a Good Time to Borrow Money

• Current news headlines are focusing on the subprime crisis and the record amount of foreclosures.

• Many individuals think that now is a bad time to borrow money for either home improvements or first time home purchases.

• The worse thing consumers could do is wait until prices and interest rates go up and they can’t afford to remodel or purchase a home.

• As title sponsor of the Utah Valley Home & Remodeling Expo we hope to provide the community of expo goers with fast, affordable, and convenient loan solutions.

• We will have Home Loan and Consumer Loan Specialists on site both days to pre-approve, discuss options, and help consumers know what their loan options are.

Can I get approved for a Home Equity Loan?

Due to the tightening of the mortgage regulations, many consumers don’t think they can get approved for a loan, but they can. Why?

• The tighter regulations have been in response to high risk loans such as no proof of income and 100 percent financing.

• Applying for a home equity loan is easy and often the process takes less than a week.

• A home equity loan lets homeowners borrow money by leveraging the equity in their homes Investments
What can a Home Equity Loan be used for?

The loan is simply allowing you to draw the “equity” from your home in the form of a loan. How you use the money is entirely up to you. Some examples of what people commonly use their equity for:


• Home Remodeling

• Purchases of Cars or Recreational Property

• A Child’s College Tuition

• Debt Consolidation

• Medical Emergencies

• Cosmetic Surgery

• Investments

SPECIAL OFFER:

Visit Family First Federal Credit Union at Utah Valley Home Expo at the McKay Events Center on Sept. 19-20. For customers who make an appointment with the at the Expo, they have a special offer:

• Home Equity rate as low as 3.99% APR (oac) up to 6 months

• No Closing Costs

• No Appraisal Fee.

• Membership eligibility required.


For more information, go to www.family1stcu.com

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