NorthStar can save you
thousands of dollars!
up to 100% of the value of your home!
FAST PROCESSING -NO PREPAYMENT PENALTIES
-NO APPLICATION FEES - REPAYMENT PLANS UP TO 15 YEARS
POINTS - TAX DEDUCTIBLE* - UP TO 100% LOAN TO VALUE
- NO PMI PAYMENTS - COMPETITIVE RATES
TERMS - SIMPLE INTEREST LOANS
interest paid on a home equity loan may be tax deductible,
which could allow for big savings on your taxes! Please
consult you tax advisor.
A home equity loan from NorthStar
gives you the opportunity to borrow funds at a very low
rate of interest for a variety of purposes using the
equity you have built in your home. Borrowing money against
your home's value can also allow tax deductibility of
the interest paid on this type of loan. Borrowing money
on a home equity can add up to big savings!
NorthStar offers a variety of home
equity programs to meet your specific needs. All of our
programs offer fast pre-approval, no prepayment penalties,
and no balloon payments at the end of the term.
If you have any questions regarding
our home equity programs, please call us at 630.393.7201
here for rates Click here to apply
Looking for an additional tax break? We call it our "Equity Light" auto
loan! The Equity Light program lets you take advantage
of NorthStar's great car loan rates with the added bonus
of a possible tax deduction.*
Equity Light is similar to a traditional car loan with low rates and fast approval,
the difference is we will record a courtesy lien mortgage on your home to allow
for the possible tax deduction. We do not require an appraisal or title search
like a traditional home equity loan; all you need to do is provide a copy of
your mortgage or title policy. If you change your mind, we will release the lien
on your home. There is no need to pay off your loan because your vehicle title
will remain as collateral. The mortgage lien will allow you, with the help of
your tax advisor, to get a handle on your year-end tax burden because the interest
you pay on the car loan, like your mortgage, may be tax deductible*!
*Consult your tax advisor for tax deductions.
In a united front, NorthStar and eight other Chicagoland credit unions have joined
resources to form CU/America. CU/America is a wholly owned and controlled subsidiary
of NorthStar and the other investors.Through the formation of CU/America, NorthStar
is able to offer a full complement of First Mortgage Loan Programs including:
- First Time Home Buyer Programs 15, 20, & 30
Year Fixed Rate Programs 5 & 7 Year Balloons Adjustable Rate Mortgages
- And More...
Mortgage applications can be made on-line or over the telephone
with CU/America, and the required forms will be sent to your home. Call
630.620.5200 or 1.800.351.0449 if you live outside the Chicagoland area.
Take a look at CU / America's
web site for a specific listing of products and services and to apply
for a mortage.