Philadelphia, PA -- (SBWire) -- 09/28/2016 --Considering the state of the economy, there's no wonder why it's difficult to move forward with home improvement projects and other big-ticket purchases, as well as paying off debt. In spite of their hard work, many people just don't have the financial freedom necessary to turn their dreams into a reality. That's why more and more people are taking out Home Equity Loans or "Second Mortgages" these days; so they can finally begin to see their hard work payoff.

It's true that the economy isn't where everyone wants it to be, but that shouldn't mean that people should be forced to hold back on reaching their financial goals. Fortunately, homeowners can receive Second Mortgages through PFFCU; which will allow them to use their home, which is their most valuable asset, as the most economical method of borrowing.

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. Applications involve no out-of-pocket expenses (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 5 years and as long as 20 years with low fixed rates. The longest term will typically offer the lowest monthly payments.

With a Second Mortgage, members will also have the opportunity to save with tax-deductible interest, which can be discussed in further detail with their tax advisor. They can also enjoy a ¼% discount with automatic payment from an active PFFCU Checking Account or distribution from a payroll check automatically deposited with PFFCU. With PFFCU's fixed-rate mortgage payment Monthly Payment Calculator, members can even estimate the expected amount of regular payments.

Anyone interested in applying for a Second Mortgage through PFFCU, who is known to offer some of the best mortgage rates in Cherry Hill, NJ and beyond, should be glad to know that there are 13 branch locations conveniently located throughout Philadelphia, Bucks and Montgomery Counties in PA and South Jersey. To apply for a one, visit one of their branch locations, call 215-931-0300 or 1-800-228-8801 or simply complete an application via their website today.

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 thirteen 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.