Wednesday, April 9, 2014

NEW! Property Improvement Loans



As spring begins and things start to thaw (hopefully), you may realize that some
home improvement projects need to be done. Maybe the roof needs replacing or
you would like a deck on which to enjoy the summer weather. If financing such a
project seems like a challenge, a property improvement loan may be the perfect
solution!

At Mid-Minnesota Federal Credit Union, we are excited to start offering property
improvement loans. These give you the ability to make the improvements to your
home you have been wishing you could do. It’s not an equity loan; it’s a property
improvement loan! Qualified borrowers have the option to choose up to a 7-year
term and a loan amount between $2,500 and $30,000. There is an option for most
property improvement needs!

Some great ways property improvement loans can be used:
  • Fixing major issues (ex: replacing roof, fixing foundation, etc.)
  • Finishing the basement or a room in the attic
  • Building a patio, deck, or driveway
  • Updating the kitchen or other rooms
  • Building a shed, garage, or other structure
The Facts (for a single-family property)
  • Loan amount: $2,500-30,000
  • Current APR:
    • 0-48 months: 5.99%
    • 49-84 months: 6.99%
Now that you know the facts, what are you waiting for? Get out there and
start planning the improvements you have been waiting for. With a property
improvement loan, Mid-Minnesota Federal Credit Union can help you make it
happen!

Apply for a Property Improvement Loan Today!  Click HERE for the Application

Equal Housing Lender. Loans subject to approval. Certain restrictions apply. Minimum loan amount is $2,500.

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