Home Improvements on the Horizon?

home improvements

Home improvements made with a NASA FCU loan can turn your existing home into the home of your dreams.

A NASA FCU Home Equity Loan is ideal for one-time borrowing home improvement needs and offers predictable, fixed payments for the term of the loan. A Home Equity Line of Credit is best for ongoing borrowing needs like a series of home improvements or a credit reserve for unexpected expenses. And a Signature Loan can be a smart way to
finance all kinds of home improvements, offering an affordable and predictable payment plan without the need for collateral.

equal-housing-lender

Avoid Home Improvement Scams

It’s home improvement time again.

And someone with a pickup truck and a smile knocks on your door, mentions something on your home improvement to-do list, and offers to do it at a cost that seems almost too good to be true.

Steps to Avoid Home Improvement Scams

Before Hiring a Contractor:

  1. Verify the contractor has liability insurance.  If the contractor or his employees cause damage to your property, this ensures that he can make good on any damages.
  2. Require a license number.  If a worker gets injured on the job, and worker compensation insurance isn’t in place, that worker could sue both the employer and you, the property owner, for damages.
  3. Check References.  Reputable contractors with a good track record will have references from prior jobs.

Following these three steps will help you to avoid home improvement scams. Using licensed contractors and checking references is a smart move, and it protects you against unwanted liability when things don’t go as planned.

Your Home Equity this Summer

Home Equity and Home Improvement

Like SPF 30 and a good pair of flip flops, summer home improvements and home equity go hand-in-hand!

Home Equity Line:

Best for ongoing borrowing needs like a series of home improvements or a credit reserve for unexpected expenses.

  • Variable rates as low as 4.00%2 APR
  • Market-leading rates, no points, closing costs1 or fees
  • Easy access to funds with online banking or convenience checks
  • Credit lines up to $250,000

Home Equity Loan:

Ideal for one-time borrowing needs and offers predictable, fixed payments for the term of the loan.

  • Market-leading rates, no points, closing costs1 or fees
  • Fixed Rates as low as 3.74%2 APR and extended terms
  • Borrow up to 90% of your home’s value
  • A one-time payout to get your money up front
  • Loan amounts up to $250,000

Your to-do list isn’t getting any shorter. And, like summer, these rate won’t be around forever—so apply today. Stop by any branch, call  301-249-1800, or toll-free at 1-888-NASA FCU, ext. 802, or visit nasafcu.com/home-equity.

 

1 No closing cost offer available one time only per property. Closing costs must be repaid if line or loan is closed before 24 months.

2 Annual Percentage Rate (APR) is based on evaluation of applicant’s credit and on associated loan-to-value ratio. Your actual APR may vary. *APR=Annual Percentage Rate. Introductory APR applies only to the Home Equity Line and is for the first 6 billing cycles. Upon expiration of the intro rate, all balances will accrue interest at the variable APR in effect for your account. APRs are based on evaluation of the applicant’s credit. Your APR may vary. Other conditions apply. 4.00% Floor Rate regardless of a temporary lower Prime Rate. The APR is a variable rate and is based on the prime rate as disclosed in The Wall Street Journal plus or minus a margin based on your credit history. The rate is subject to change. Maximum APR is 18%.

 

We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.

Historically Low Mortgage Rates Are Here for You

Mortgage

Whether you’re purchasing a new home, or want to lower an existing mortgage payment, NASA FCU has the mortgage option just for you. Looking for the security of a fixed rate?

We can help! Or maybe you’d prefer the affordability of an adjustable-rate loan. We have them too. Whatever your situation, we have the home financing solution to meet your needs.

Take the Stress Out of Getting Your Mortgage or Refinance

A NASA FCU Mortgage Loan Specialist will help take the stress out of getting your home loan. He or she will assist you in choosing from our many specialized programs, such as First-Time Homebuyer, 100% LTV Purchase*, 95% LTV Refinance*, FHA and VA Mortgages and jumbo loans. Plus, you’ll receive the friendly, reliable service you’ve come to expect from your Credit Union.

Stop by any branch, call 301-249-1800, or toll-free at 1-888-NASA-FCU (627-2328), ext. 207, or visit online to apply for a new mortgage or refinance an existing mortgage with NASA FCU today.

 

*Special loan programs offered to well-qualified applicants. Some restrictions may apply. Offers valid for primary residences only.  Speak with a NASA FCU First Mortgage Loan Specialist for loan details and rates. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.