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Freedom Credit Union's systems are fully operational. We are not impacted by the widespread global outages recently reported by CrowdStrike. As a reminder, we will never contact you directly to request any of your personal or account information. If someone contacts you and requests this information, do not provide it. Hang up immediately and call us at 215-612-5900.
Likewise, if you receive an unexpected email or text message containing suspicious links, it is best to not click on any links and delete the message.
Home Loans
Cash-out refinancing and home equity loans offer two different ways to get money out of your home. While similar in some ways, each route comes with features that will make them more suitable to particular kinds of borrowers. We take a closer look at the pros and cons of a cash-out refinance vs. a home...
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When you have equity in your home (the amount it’s worth minus how much you owe), you can leverage it to pay for high-cost expenses in life. These can range from tuition bills to home renovations, to the consolidation of high-interest debts. One way to get cash from the equity in your home is with...
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Many people use home equity loans to consolidate debt and achieve other goals. If you’re thinking about using a home equity loan to consolidate debt, there are some important things to consider. The following overview can help you decide whether this strategy makes sense for your financial situation. Benefits of Using a Home Equity Loan...
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Home equity loans and home equity lines of credit (HELOCs) are loans secured by a borrower’s home. However, they differ from each other in some important ways. Let’s take a look at their similarities and differences so that you can determine which one is better for you. An Explanation of Each HELOC A HELOC is...
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Tapping into the equity you have in your home is a popular way to borrow. Home equity loans have low-interest rates, the money you borrow can be used for many different things, and flexible repayment terms help with budgeting. If you are thinking about applying for a home equity loan, the following overview of the...
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If you currently have either a home equity loan or a home equity line of credit (HELOC), you may be thinking about refinancing it to save money, extend your loan term, or borrow more. The following overview discusses some important things to consider before applying for a new loan to make sure it will meet...
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