- Telephone
- 602-252-6831 x144
- mortgages@marisolcu.org
- NMLS
- 799641
Fixed Rate 2nd mortgage
* Competitive, fixed rates for short-term or one-time needs
* Loans up to 85% of the available equity of your home
* Amounts from $15,000 to $150,000
* 1% loan origination fee and no discount points or annual fees
* Terms up to 15 years
* Available for owner-occupied Arizona homes only (second homes in Arizona are eligible)
* Borrower pays for appraisal fee
* Local, Valley of the Sun decision-making and processing
* Attentive, friendly service from your community credit union
HELOC --Home Equity Line of Credit
* Competitive rates for several ongoing or seasonal needs
* Credit limits up to 85% of the available equity in your home.
* Amounts from $15,000 to $200,000
* No origination fee, discount points, or annual fees
* Owner-occupied Arizona homes only
* Variable rate based on the Wall Street Journal Prime Rate plus a margin
* Draw period on the credit line is 7 years, then take another 8 years to repay in full
* Borrower pays for appraisal fee
* Local, Valley of the Sun decision-making and processing
* Attentive, friendly service from your community credit union
HILOC --Home Improvement Line of Credit
* A fixed-rate designed for small home improvement projects that is also a line of credit
* Fixed-rate line of credit for home improvements
* Credit limits up to 90% of available equity in your home
* Amounts up to $50,000 (The HELOC is available for amounts greater than $50,000)
* No origination fee, discount points, annual fee, or appraisal fee
* Owner-occupied Arizona home only
* Draw period on the credit line is five (5) years, then take another ten (10) years to repay in full
* Local, Valley of the Sun decision-making and processing
* Attentive, friendly service for your community credit union