With a Golden 1 home equity loan or line of credit, you can consolidate your debts, make home improvements or use the money to purchase a new car, all with potential tax advantages2 not available through other types of loans. We offer low rates on our Fixed-Rate Equity and Equity My Way Line of Credit products, no upfront fees and up to 80% financing. Visit our Mortgage Center for more online resources and tools.
To check the status of your existing loan application, please call our Member Service Contact Center at 1-877-GOLDEN 1 (1-877-465-3361).
We also have standard 7, 15 and 20-year fixed-rate equity loans available. With our low equity rates, it might make more sense to renovate your home than to move. Remodeling may increase the value of your home and you could save monthly by making it more energy efficient with new doors, windows and climate control systems. All of our equity products have the following features:
Equity My Way Line of Credit offers two convenient ways to access your money—checks and a Visa® card. Take advantage of the Equity My Way Line of Credit checks to pay the contractor, plumber or college tuition. Or use the Equity My Way Line of Credit Visa card to make purchases anywhere Visa cards are accepted. The Golden 1 Equity My Way Line of Credit offers a credit line from $10,000 to $500,000 depending on the available equity in your home. Qualified members can borrow up to 80% loan-to-value on owner-occupied homes.
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1Example of 6.49% Annual Percentage Rate (APR) is based on $25,000 loan, up to 80% Combined Loan-to-Value (CLTV) with principal and interest payment of $371.20 amortized over 84 months. Rate of 6.49% APR is only available for terms amortized for 1 to (and including) 7 years with a CLTV of 80% or less. Rates, APRs, terms and conditions subject to change without notice. Subject to property valuation. Limited to one-to-four family, owner-occupied units located in California. Excludes mobile homes. Loans secured by your home other than your first mortgage must be paid off at the time of account funding. Other restrictions on property may apply. Property insurance required. Flood insurance may be required. Other programs, rates, and terms may be available. Contact the credit union for terms and conditions for refinancing an existing Golden 1 Equity Loan.
2Please consult with your tax advisor regarding the deductibility of interest. Golden 1 does not give tax advice.
3Rate shown is based on a Combined Loan-to-Value (CLTV) of 80% or less. APR may vary and is based on the U.S. prime rate as published in the "Money Rates" column of The Wall Street Journal on the last business day of each month. As of February 28, 2014, the prime rate was 3.25%.
If you choose to convert any portion of your balance to a fixed rate, the rate will be based on the U.S. prime rate as published in the "Money Rates" column of The Wall Street Journal on the last business day of each month plus a margin.
The minimum "floor" APR on all Equity My Way Lines of Credit is 4.5% for owner occupied or 5.5% for non-owner occupied, and the maximum APR that can apply is 18% for owner occupied or 19% for non-owner occupied. All loans are subject to appraisal. Limited to one-to-four family units located in California. Excludes mobile homes. Other restrictions on the property may apply. Loans secured by your home other than your first mortgage must be paid off at the time of loan funding. Property insurance is required. Flood insurance may be required. Rates, APR, terms and conditions are subject to change without notice. Contact the credit union for terms and conditions on refinancing an existing Golden 1 equity loan.
This credit union is federally insured by the National Credit Union Administration.
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