Wings' Home Equity Lending Still Going Strong

While many financial institutions have reduced – or even halted – lending activity in the current economic climate, Wings Financial is still offering low-cost home equity loans to our members. Our history of conservative financial management has fueled Wings' continued growth, leaving us with money to lend!

Home equity loans and lines of credit are affordable financing options that allow you to borrow against the equity in your home. And as with all Wings' loans, our lower rates help you save more, so you can do more with your money.

	Wings Rates	National Average (as of 1/8/10)
Home Equity LOC	4.50% variable*	5.24% variable
Home Equity Loan	7.50% fixed**	8.36% fixed

Put a Wings home equity loan to work for you with home improvements, debt consolidation, travel, education – virtually any financing need. Choose from single-disbursement, fixed-rate loans or variable-rate lines of credit with the following advantages:

Competitive low interest rates.
Borrow up to 80% of your home's value (includes any mortgage loan value + the requested home equity loan amount).
Closing costs up to $300 waived with $10,000 initial draw (excluding appraisal if required).
Interest is often tax-deductible. (Consult your tax advisor.)

To apply for a Wings home equity loan or line of credit, visit www.wingsfinancial.com, call our Loan Hotline at (888) 692-5626 or stop by any branch.

Average national rates as reported on Bankrate.com on 1/8/10.

*	Maximum 18% APR = annual percentage rate. Closing costs vary by state. The average cost is $150, but can range from $50-1,800.
**	5-year balloon. For example: Assume loan amounts of $10,000 each. An 80% loan to value, 15-year amortization with a 5-year balloon at 7.50% APR; monthly payments would equal $92.97 with a balloon amount of $7,923.38.

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IRA Tax Savings | Estate Planning Alert | Compare Our Rates

eMoneyMatters is published by the Marketing Department at Wings Financial Credit Union for its members. It is designed to help maintain communication with members and provide reliable and helpful information that will contribute to each member's overall financial well-being. eMoneyMatters is published at Wings Financial Credit Union, 14985 Glazier Avenue, Apple Valley, MN 55124, (952) 997-8000. While consistent effort is made to ensure the integrity of information contained in this publication, material should not be considered legal, financial or professional advice. The publishers do not assume liability for loss or damage as a result of reliance on this data. Images may be from one or more of these sources: ©ThinkStock, ©iStock, ©Fotolia. Copyright ©2010 Wings Financial Credit Union. All rights reserved.