Shell New Orleans FCU - Products and Services

MORTGAGE LOANS

We have Conventional First Mortgage Loans on owner-occupied property. Terms up to 30 years are available. We can provide you with low down payments along with competitive, fixed, adjustable or balloon rates.

Whether you are purchasing a new home or refinancing your present home, your credit union provides you with some of the best financing options available.

So when you are thinking of taking out a mortgage, think of your Shell New Orleans Federal Credit Union and give our mortgage processor a call at (504) 728-4854.

Our Web site also provides you with a Mortgage Loan Calculator™ to help you determine the amount of mortgage you potentially qualify for.

Home Equity Line of Credit

You've worked very hard to acquire your home, so why not let the equity you built up go to work for you? Borrow up to 100% of the equity in your home and use the funds for any reason such as education, purchase of a new car or that long awaited European vacation. And best of all, the interest paid may be tax deductible (see your tax consultant).

Rates as low as 6.50% (WSJ Prime - 1.00% as of 4/25/2001)
Variable rate loan (index is Wall Street Journal Prime Rate)
Rate can adjust =/- .50% semi-annually (January 1st and July 1st)
Maximum rate cap is 5% above initial rate
Financing available up to %75,000
Credit union pays up to $500 of closing costs
Amount borrowed and rate determined by credit qualifications and guidelines
Terms up to 15 years

For more information and current rates, call our friendly mortgage processor at
(504) 728-4854.