Philadelphia, PA -- (SBWIRE) -- 04/03/2017 -- It is difficult in today's economy for families to achieve their goals. A pipe breaks at home, college-age children need help with educational expenses, debt needs to be consolidated, or the kitchen really needs to be updated, and funds are required to meet those needs. People consider borrowing to meet those needs but are sometimes faced with high-interest loans that can actually set them back from their goals instead of helping them move forward to accomplish them.
Conveniently, homeowners can receive low rate Home Equity Loans or "Second Mortgages" and Home Equity Lines of Credit through Police and Fire Federal Credit Union (PFFCU). A Second Mortgage allows them to use their home's equity, which is their most valuable asset, as the most economical method of borrowing.
Members can estimate the expected amount of regular monthly payments with PFFCU's Monthly Payment Calculator available on PFFCU's website. They can also enjoy a ΒΌ% discount with automatic payment from an active PFFCU Checking Account or distribution from a payroll check automatically deposited with PFFCU. With a Second Mortgage, members of PFFCU have the opportunity to save with tax-deductible interest, which can be discussed with their tax advisor.
Applying for a Second Mortgage from PFFCU, one of the best mortgage lenders in Montgomery County, PA and surrounding areas, is easy and takes only about 10 minutes. There are no out-of-pocket expenses to apply (no application fee, and no points). Members can finance up to 80% of the total LTV of their primary home, for up to 20 years, for a maximum of $600,000. Or, they can finance up to 100% of the total LTV of their primary home, for up to 15 years, for a maximum of $50,000. Terms can be as short as five years and as long as 20 years. Typically, the longer terms offer the lowest monthly payments.
PFFCU is known for offering some of the best mortgage rates in Cherry Hill, NJ and throughout the area. Fourteen PFFCU branches are conveniently located throughout Philadelphia, Bucks and Montgomery Counties in PA and South Jersey.
Applying for a PFFCU Home Equity Loan is simple and can be completed either in person, online or by telephone. Homeowners in Bucks County, Montgomery County, Philadelphia, PA and Southern New Jersey who are interested in the prospects of a home equity loan are encouraged to take action and contact their local PFFCU branch. Visit any of the credit union's 14 conveniently located branches in Philadelphia, Bucks and Montgomery Counties PA, and Moorestown & Washington Township New Jersey to discuss plans and get a Home Equity Loan decision within one business day. Service Representatives can be reached during regular business hours by calling 215-931-0300 or 800-228-8801 today. The best Service, Value, Convenience, and Trust is found at PFFCU.
About Police and Fire Federal Credit Union
Police and Fire Federal Credit Union offers great low rates on Mortgages, Home Equity Loans, Auto Loan, Credit Cards, and more. They have fourteen full service branch locations throughout the Greater Philadelphia region, including Bucks and Montgomery Counties, and New Jersey. Knowledgeable and friendly Member Service Representatives will help members with the products and services that best meet their financial needs. Police and Fire Federal Credit Union delivers Service, Value, Convenience and Trust to assure that members have the highest level of satisfaction. Any active and retired police officer or firefighter, their family and co-workers are eligible to become a member of the credit union. Other Select Employee Groups, organizations and individuals can apply for a PFFCU membership in branch, by phone at 215-931-0300 or 1-800-228-8801 or through their website.
Learn more at http://www.pffcu.org.