Home Equity Loans |  |
Home is where the money is.One of the best things about owning a home is the equity you have in it—equity you've been gaining with every monthly payment. That equals financial clout. A home equity loan or line-of-credit is the best way to harness that power to redo your kitchen, pay a tax bill, install a pool, consolidate debt or whatever you've been dreaming about. Equity equals freedom. Our Mortgage Officers will guide you through the process and help you secure the best interest rate and term. Submit a request for more information.  Turn your home's equity into cash!
If you’re a homeowner and need a loan, a home equity line-of-credit could be an ideal choice. A line-of-credit is an open-end, revolving loan with a variable interest rate. Based on the equity you have in your home, it can be used for debt consolidation, college tuition, a dream vacation, home renovations, or whatever else you need. If you don't use it, your line-of-credit will still be at the ready, accumulating no interest charges and no fees. Just peace of mind. It's like money in the bank. Home Equity Line-of-Credit benefits and features:- Revolving credit line, with rates as low as Prime minus .10%*
- Maximum draw period of 15 years, plus a 20 year repayment period
- Minimum (floor) rate of 3.95%; maximum rate of 18%; annual protection cap of 2%
- Generous credit lines:
- RealtyLine Line-of-Credit – Make monthly principal and interest payments; borrow up to 90% of the appraised value for your property less any outstanding mortgage balances
- Interest Only RealtyLine Line-of-Credit – Make monthly, interest-only payments (throughout the draw period); borrow up to 80% of the appraised value for your property less any outstanding mortgage balances
- No annual fees, no pre-payment penalties, and no minimum draw required at closing
No matter which option you choose, you'll enjoy a .10% margin* discount when you maintain Statements Online. Just click on any of the links below. |  | Act now! You won't find a better rate anywhere.Ready to apply for a Home Equity Line-of-Credit? For your security, loan requests are available through Online Banking:
- Log in to Online Banking.
- Click on "Loan Requests."
|
| |
| | *Rate as low as Prime minus .10% for life of line, as long as member maintains Statements Online service. APR will never be lower than the floor rate of 3.95%. A home equity line-of-credit is secured by the member's home, and is available only for 1 to 4 family residential properties, excluding co-op's. Interest Only loans on primary residences only. Minimum line-of-credit amount: $10,000. $295 non-refundable application fee. Mortgage tax may apply in some states. Loans subject to credit approval. |
Fix your home with a fixed home equity loan.Home improvement can mean anything from renovating a kitchen to paying your child’s college tuition. No matter the project, a fixed home equity loan is up to the job. This closed-end, fixed-rate loan offers: - Financing up to 90% of the appraised value for your property, less any outstanding mortgage balances
- Low fixed interest rates
- Fixed monthly payments
- Flexible terms up to 25 years
- No annual fees or pre-payment penalties
Contact us now to see how much a little home equity can brighten up a room. | | Act now! You won't find a better rate anywhere.Ready to apply for a Home Equity Loan? For your security, loan requests are available through Online Banking:
- Log in to Online Banking.
- Click on "Loan Requests."
|
| |
| | A fixed home equity loan is secured by the member's home, and is available only for 1 to 4 family residential properties, excluding co-op's. Minimum loan amount: $10,000. $295 non-refundable application fee. Mortgage tax may apply in some states. Loans subject to credit approval. |
|
| |
| |
