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Home > Member Specials & News > 0.25% Discount on New Fixed Equity Loans | |||||||||
.25% Discount on New Fixed Equity LoansWe're making it a good time to get a new fixed equity loan. Now you can get a .25% discount with automatic payments from your Navy Federal checking account!1 With this special discount, your rate could be as low as 5.90% APR2. Benefits include:
1. Rate discount is applied after your application is accepted. Discount is available for new Fixed Equity Loan applications. You must set up and maintain monthly recurring automatic payments from your Navy Federal checking account for the life of the loan, otherwise your rate will increase .25% above your original Note rate. 2. Rates are subject to change and based on various credit and property evaluation criteria, so your rate may differ. All loans are subject to credit approval. 3. Limited offer. Navy Federal will pay closing costs (excluding government recording and transfer charges) on new equity loan applications (Fixed Equity Loans/Lines of Credit). Loans paid off and closed in less than 3 years from the loan origination date will require reimbursement of all closing costs paid by Navy Federal. For loan/line amounts up to $350,000, closing costs typically range between $150 and $900. The closing costs depend on the location of the property and the amount of the Equity Loan. Offer excludes Equity Loans/Lines of Credit used for a home purchase and the appraisal fee, if an appraisal is necessary. 4. Consult your tax advisor. Other Member SpecialsMortgage & Equity
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