Fixed Home Equity Loan
With our Fixed Home Equity Loan, you can borrow from $5,000 to $25,000 for up to 120 months. You can enjoy peace of mind knowing you will have a fixed rate, fixed loan amount, and a fixed term. There are no up-front closing costs and we can go as high as 110% on the CLTV.
This loan is often a good option for someone looking to consolidate or get out of debt. Also, because we will finance up to 110% of LTV, it may allow you to do some home improvements even if you just bought your home.
On our popular Home Equity Line of Credit, you can borrow from $10,000 to $250,000 in the form of a revolving credit line. With this loan, you have a variable rate, but since it is a revolving line of credit, you can use borrow and pay it down as you wish for a term of approx. 10 years (at which point the loan may be re-evaluated). There are no closing costs with the Home Equity Line of Credit and you can easily access your funds either from the branch or online. We will finance up to 100% LTV.
This loan may be a good option for someone wanting to consolidate debt or fund home improvements. We also often see members using this type of loan to help pay for a child's college education or use it to pay for that dream vacation.
This loan is similar to the traditional Home Equity Line of credit except that all payments will be applied to the interest due resulting in lower monthly payments.
This loan may be a good option for someone who either needs easy access to funds, but needs to keep their monthly payments low. This could also be a good option of you are looking to sell your house very soon or keep their home for over 10 years.
Again, this product is much like the traditional Home Equity Line of Credit, except you have the added convenience of accessing your credit line using a Visa Card. This might be good for someone who intends to make several purchases using their credit line or someone looking for an alternative to a traditional Visa Credit Card.
