Home Equity Line of Credit (HELOC) Modification
You may qualify to modify your existing Firefighters First HELOC loan.
Is a HELOC Loan Modification Right for You?
With a HELOC loan modification you can take advantage of a lower rate with no cost, less paperwork and faster processing when compared to a refinance of your loan.
HELOC Refinance vs. HELOC Loan Modification
Refinance | Modification |
---|---|
Full application | No application, just complete the form below |
Full documentation and credit report pull | No credit report pull |
Fees and closing costs | No fees or costs |
Qualifying and processing could take weeks | 5 to 7 days processing time |
Review and sign new loan documents | Review and sign a one-page modification agreement with all the details |
What Stays the Same with a Loan Modification?
When you modify your HELOC loan, certain things will not change as they would with a loan refinance:
- You keep your current schedule of draw and repayment periods
- Your credit limit remains the same
- Your rate stays variable under the original terms of your loan
Start Your HELOC Loan Modification
Complete this form to start the modification review process.
Note: To qualify, you must have had no 30+ days delinquent loans with the Credit Union over the past 12 months. We will contact you if you do not qualify.
NMLS ID #649058. Home Equity Line-of-Credit only available in Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah and Washington.