Benchmark Federal Credit Union Offers Flash Sale on Fixed Home Equity Loans - VISTA.Today

With fixed-rate Mortgages reaching highs not seen since February 2011, Home Equity Loans are seeing a surge in popularity at highly discounted rates. Benchmark Federal Credit Union is offering a Fixed Home Equity Loan at .99 percent APR for 60 months at Home Equity Loans can be used to finance everything from vacations to spring home improvements and college tuition. 
With none of the closing costs of a Mortgage, the offer is available to residents of Pennsylvania, New Jersey, and Delaware who appreciate local decision making and processing. Loan amounts can be issued up to 90 percent of the appraised value of your home, with longer terms available at discounted rates. The offer expires June 30, 2022, and excludes the refinancing of existing Benchmark loans. While a Home Equity Loan can be used for anything, there are certain expenses that make the most sense. Here are some of the best uses for the equity in your home.
1. Debt Consolidation
The average national Credit Card rate in the first week of March 2022 was 16.17 percent. That’s a lot higher than the average rate of a Fixed Rate Home Equity Loan, which can be used to pay off high-rate Credit Card debt and other high-interest loans. A lower interest rate means a lower monthly payment. It may also enable you to pay off multiple credit cards and other debt at one time, simplifying your life and your budget. It can be an effective way to consolidate and save a significant amount in interest over time.
2. Down Payment on an Investment Property or New Business Start-Up
Using a Home Equity Loan rather than draining your savings to purchase an investment property or to start a business can be one of the best uses for the equity in your home. A Home Equity Loan enables you to access a lump sum of cash at a competitive interest rate and might be more cost-effective than a high-interest rate Business Loan. A Home Equity Loan can help you increase your down payment on a property, potentially lowering your monthly payment. It can also provide you with the funds needed to get a business off the ground.
3. Home Improvement Projects
A Home Equity Loan can be the perfect way to finance a home improvement project or remodel. After all, you are using your home’s equity to improve your property and hopefully boost the value of your home. This is especially true if you can secure a low-rate Home Equity Loan to complete the project.
If you’re looking to sell, investing in your home can increase the value. If you plan on staying put, it can help turn your space into the home of your dreams for a lifetime. The structured payments of a Home Equity Loan make it an easier way to budget for home improvement projects. Home remodels that can help increase the value of your home include kitchen and bath remodels, carpet and hardwood flooring replacement, finishing a basement, and exterior and landscape upgrades.
4. Pay Tuition
A Home Equity Loan is often used as an alternative to Student Loans, Personal Loans, or Credit Cards in helping to pay tuition and other educational expenses. Whether you’re looking to pay for your child’s college education or go back for the training needed for a career change, a low-rate Home Equity Loan can help you achieve your goals.
Benchmark Federal Credit Union is offering our Fixed Home Equity Loan at .99 percent APR for 60 months at Longer terms and discounted rates are available.
Rebecca Worthington is the Vice President of Community Relations at Benchmark Federal Credit Union. The only federal credit union to exclusively serve Chester County, Benchmark FCU has been serving the community for more than 80 years and is known for providing extraordinary service. To learn more about the products and services available at Benchmark FCU, visit our website at Anyone who lives, works, worships, or attends school in Chester County is eligible to join Benchmark Federal Credit Union.
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