Fixed Rate Home Equity Loans

[Click Here for Home Equity Lines of Credit - HELOC's]

 

A Fixed Rate Home Equity Loan (closed-end-credit) is a single disbursement of money with a fixed rate and term that is typically used for a specific purpose. A Fixed Rate Home Equity Loan (or Fixed Rate Second Mortgage) is a great way to tap into unused equity you've built up in your home! With a Home Equity Loan, you receive the money up front and you start making payments immediately.  Financial sercurity with a fixed monthly payment. 

 

*Advantage Mortgage* - 1st lien position only 

Our Advantage Mortgage was originally designed to shorten the life of your existing Mortgage with a No Closing Cost refinance, but this loan product can also be used to take Cash Out against the equity in your home, even if you do not have an existing mortgage. 

  • Select your Fixed Rate Repayment Term (7 year, 12 year, or 14 year).
  • No Closing Costs*
  • Borrow up to 85% of the value of your home (Restrictions may apply)** 
  • Interest may be tax-deductible (consult your Tax Advisor)

 

Fixed Rate Home Equity - 2nd lien position 

  • No Closing Costs*
  • Borrow up to 85% of the value of your home, minus your first mortgage balance (Restrictions may apply)**
  • Maximum Loan Amount $150,000
  • Loan Term up to 14 years. 
  • Interest may be tax-deductible (consult your Tax Advisor)

 

 
After Applying, a member service representative will be in touch to review your loan options. 


*LTV greater than 80% or any loan amount over $250,000 require an appraisal (appraisal fee will apply)
**Please contact the credit union for details.
Principal Residences only.  Not available for purchases.
APR = Annual Percentage Rate.  Rates and conditions are subject to change without notice.

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