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Auto Equity Loan
California Homeowners can purchase (or refinance) a new or used automobile with a fixed-rate Auto
Equity Loan. A real estate courtesy lien is placed on the member's primary or secondary
residence. With the same low interest rate and convenient financing terms as the other TFCU auto
loans, the auto equity loan will be secured by both the vehicle and the member's principal
residence or vacation home. Because the home is used as collateral, the interest may be tax
deductible. Members should consult with their accountant for applicable tax advantages.
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