Flash Equity
DCU's Flash Equity is a fast and easy way to convert the equity in your home into cash. This Fixed-Rate Home Equity Loan has a guarantee of closing within 3 business days! With a Flash Equity, you're on the fast track to having some real borrowing power.
A Fixed Rate Home Equity Loan that is Quick and Easy
DCU's Flash Equity is a Fixed-Rate Home Equity Installment Loan. Much like an auto loan, a Fixed-Rate Home Equity Loan gives you the full amount at the start of the loan and you pay it down in equal payments for the term you selected.
When you open your Flash Equity, you get a Home Equity Loan with these features...
- Close within 3 business days – (3 business days starts with receipt of completed application)
- Low competitive fixed rates – Your actual rate is determined by your personal credit history
- Finance up to 80% of your home's value minus your first mortgage – (Maximum 80% in Texas by state law.)
- Loans from $5,000 to $50,000*
- Choose from 4 Terms – 5 years, 10 years, 15 years, and 20 years. A shorter loan term means a lower interest rate. A longer loan term will give you a smaller monthly payment.
- No closing costs**
- No application fees or pre-payment penalties
* Maximum Loan amount is $50,000.
* Please be aware that current market conditions may limit the amount of financing DCU can provide (examples: low property values, property located in a declining value area).
** Excludes state mortgage taxes in FL, KS, MD, MN, NY, OK, TN, and VA.
Fixed-rate Home Equity Loans are available in all 50 states.
Flash Equity has some great advantages over traditional home equity loan options.
- It's Quick and Easy – With a guarantee of closing within 3 business days and no application fees or closing costs, DCU's Flash Equity gives you the money you need quickly without any extra fees. This can be very helpful if you're making an emergency purchase (such as medical bills or emergency home repairs), or if you want some extra cash to plan that vacation you've always wanted!
- Interest may be tax deductible – Home Equity Loans are the only type of loan where you can borrow for any purpose and, for most people, the interest is tax deductible. The tax advantages can make these loans more affordable.^
^ The Internal Revenue Service at www.irs.gov (publication 936) and your State Department of Revenue have more information on deductibility.
Apply for a Flash Equity online or by calling 800.328.8797 (select 3). If you need additional information press 0 and ask to speak with one of our Mortgage Specialists.
Use our Loan Calculators to help you determine the loan financing and payment options that are best for you.
DCU Insurance offers insurance with the personal service you deserve. So whether you have Homeowners Insurance or need it, DCU Insurance could be the right choice for you.
Remember that any insurance required as a condition of the extension of credit by the credit union need not be purchased from DCU Insurance but may, without effecting the approval of the application for credit, be purchased from an agent or insurance company of the member's choice. Insurance products are not deposits of Digital Federal Credit Union (DCU) and are not protected by the NCUA. They are not an obligation of or guaranteed by the credit union and may be subject to risk. Insurance is offered by DCU Financial Insurance Services, LLC, an affiliate of DCU. Business conducted with DCU Insurance is separate and distinct from any business conducted with the credit union. Any questions or concerns regarding this relationship may be addressed to the Office of Consumer Affairs.
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Digital Federal Credit Union
220 Donald Lynch Boulevard PO Box 9130 Marlborough, MA 01752-9130 508.263.6700 • 800.328.8797 |
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© 2008. Digital Federal Credit Union