Whether you're looking for a mortgage payment that won't change with a fixed-rate mortgage or want to maximize your buying power with an adjustable-rate mortgage, take advantage of the many specialty mortgage loans Logix offers.
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Fixed Rate
Adjustable Rate (ARM)
Specialized
With a home equity loan, you can borrow at lower interest rates compared to other types of loans.
With a HELOC, you’ll have a flexible source of cash with a lower interest rate than credit cards or personal loans.
Rates and Terms – Annual Percentage Rates (APRs) and loan terms are subject to credit approval and may vary based on creditworthiness, loan amount, and loan-to-value ratio. Rates are subject to change without notice. Loan approval is based on underwriting guidelines. Adjustable-Rate Mortgages (ARMs) offer an initial fixed rate for a specified period (3, 5, 7, or 10 years) and adjust every 6 months thereafter based on an index plus a margin, subject to periodic and lifetime caps.
Home Equity Lines of Credit (HELOCs) – HELOCs are variable-rate loans. Rates may increase after loan consummation. Consult a tax advisor regarding the deductibility of interest. Home Equity Line of Credit products are available only on owner-occupied properties located in CA, MD, NV, NH, VA, MA and ME.
10-Year Fixed Rate Mortgage with No Closing Costs – No closing costs means that Logix will pay various costs relating to your loan origination and settlement, such as application, credit report, lender's title insurance, and appraisal fees. Costs such as per diem interest, interest, taxes, owner's title, and hazard, homeowner's and private mortgage insurance, are not included and are the responsibility of the borrower. As a condition of the "No Cost" loan, if you pay off your loan within the first 36 months you will be required to reimburse Logix for those costs it paid in connection with the origination and settlement of the loan.
Logix mortgage and home equity loans are available in the following states: AZ, CA, DC, ME, MD, MA, NH, NV, and VA. Logix Home Equity Lines of Credit are available in the following states: CA, MD, NV, NH, VA, MA and ME. Logix membership is required. Logix Smarter Banking is a registered trademark of Logix Federal Credit Union.