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Current Promotions

 

4.00%
$7,500 and up, Line of Credit

4.99%
0-60 Months, Fixed

 

APR*
APR*
APR*

 
Current Promotion - Equity Rich Home Loans

 

Let the Equity in Your Home Work for You!
 

 

 

 

 

 

 

 

 

 

 

 

Have you built up a lot of equity in your home? Let that equity work for you through a first mortgage alternative: an Equity Rich home loan from GECU.

 

5.24%
61-120 Months, Fixed


 

 

 

 

This loan is for your primary residence only and:

  • The minimum finance amount is $7,500

  • The maximum loan-to-value is 80%

  • The maximum term is 10 years

Plus, you'll have:

  • No application fee

  • No closing costs

  • No escrow account

  • Tax deductibility*

We also offer an Equity Rich Line of Credit that can be accessed through special checks, through Online Banking, or by visiting any office location.*

 

 

 

 

 

 

Click here to read details about

our Equity Rich Line of Credit!

 

Apply today!

  • Apply online anytime by clicking here

  • Call our phone loan center at: 513.243.5626 or 888.670.5626, Monday - Thursday, 9 a.m. - 5 p.m., Friday 9 a.m. - 6 p.m., and Saturday 9 a.m. - 2 p.m.

  • Meet with a loan officer during normal business hours (appointments available)

 

 

*New money or refinances from other financial institutions only. Upon approved credit, for qualified borrowers. APR = Annual Percentage Rate. Rates may change at anytime. Rates listed as of published date (March 19, 2009). Fixed Equity Rich: 4.99% APR is the fixed rate for 0 - 60 months. A sample payment based on 4.99% at 60 months is $18.87 per $1,000 borrowed. 5.24% APR is the fixed rate for 61 - 120 months. A sample payment based on 5.24% at 120 months is $10.73 per $1,000 borrowed. Equity Rich Line of Credit: Program minimum rate is 4.00%; at no time will the rate go below 4.00%. The Equity Rich Line of Credit of up to $49,999 has an introductory rate of 4.00% (Prime - 0%); the rate is subject to adjustment on the first day of each calendar quarter to Prime -0%. The maximum APR for this loan plan is 11.00%; the minimum APR is 4.00%. The Equity Rich Line of Credit of $50,000 and up has an introductory rate of 4.00% (Prime - .25%) APR; the rate is subject to adjustment on the first day of each calendar quarter to Prime - .25%. The maximum APR for this loan plan is 11.00%; the minimum APR is 4.00%. The Prime Rate is from the Wall Street Journal; currently 3.25% as of 12/17/08. The minimum draw/advance in person, by check, or through Online Banking is $300. The maximum loan to value is 80%. The loan must be for a primary residence only. Property insurance required to open this loan. Contact your tax advisor for possible tax deductibility. Contact General Electric Credit Union for a copy of the complete disclosure and billing rights. General Electric Credit Union is an equal opportunity lender.

  

 

 - Home Equity Programs
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 - Membership Application (pdf)

  

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We also offer traditional home equity products! Click here for details!


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