What is your least favorite room in your house? Is it a bathroom covered in 70s-era ceramic tile with barely enough room to turn around in without hitting all four walls at once? Maybe it’s your kitchen with its mustard-yellow appliances and the single tiny window over the sink. Perhaps it’s not the rooms you do have but those you don’t. Maybe it’s a dream media room, complete with earth-shaking surround sound and plush leather theater seating.
What if you could transform that room from being your least favorite room into the room you couldn’t wait to show off? And, what if your home could provide the money for its own upgrades?
If you’ve been putting off major projects or repairs because of high loan rates or low equity, now is the time to get started. Spring and summer are the perfect seasons for home projects. The warmer weather and longer days mean you can get more done in less time. The sooner you start, the sooner you can enjoy your sparkling new energy-efficient windows or crisp new paint job.
To make this season an even better time to start, Seattle Metropolitan Credit Union is making it cheaper than ever to get the money you need to get your project underway. For a limited time, SMCU is offering fixed-rate home-equity loans as low as 2.99% APR1 as part of our Spring Borrowing Promotion. That means you can borrow money for as little as $7.39 a month per $1,000 on a 15-year term at 3.99% APR1.
When you get your home equity loan at SMCU you’re not going to pay origination fees, document prep fees, or some of the other add-on fees you might pay at other lenders. In fact, you may be able to get an SMCU Home Equity Loan with little-to-no money out-of-pocket2.
And, you can borrow up to 90% of the value of your home for rates as low as 4.99% APR1 for 15 years. That means if your house is worth $250,000 and you owe $175,000 on your first mortgage, you could borrow up to $50,000 dollars to put on the new roof you’ve been needing since the last big wind storm.
Why wait? The application is quick and easy and the loan process is smooth and simple. Stop by any branch to apply or go to smcu.com to apply for a loan in less time than it takes hot water to squeeze its way through your old pipes to your morning shower. When it comes time to sign your loan papers, you can go to your closest SMCU branch.
You Could Win $500 to Put Towards Your Home Improvement Plans
We’re giving away a $500 SMCU VISA Gift Card for one lucky winner to get that red-cedar deck started or perhaps to replace that outdated linoleum with exotic hardwood floors sanded to smooth perfection. To enter to win, all you have to do is:
- Fill out and submit the entry form below,
- Follow SMCU on Pinterest, and
- Repin one or more pins from our Spring Home Improvement board.
Entries will be accepted through April 30, and the winner will be notified by May 9.
Don’t let another summer pass by without turning your house in into the home of your dreams. It’s easy with a home-equity loan from Seattle Metropolitan Credit Union. You can be sitting in your new hot tub watching the 4th of July fireworks over another beautiful Pacific Northwest sunset.
1-APR is Annual Percentage Rate and reflects any prepaid finance charges. It is accurate as of the date of this letter and is subject to change without notice. Loans are subject to credit approval and SMCU lending policies.
2-If property requires an appraisal, borrower is responsible to up to $500 of the appraisal expense. If the loan is paid in full in less than two years costs paid on borrower’s behalf at closing may become due. Amount ranges between $100 and $750.
SMCU is Federally Insured by the NCUA and is an Equal Opportunity Lender. SMCU MLO # 464295.