NOW is the right time
for a Home Equity loan!
Home Equity loans are secured by a second deed of trust; the amount you can borrow is based on the amount of equity you have in your home. We have two equity programs to choose from -- Fixed Equity, or a Prime Equity Line of Credit.
Fixed Equity
The traditional fixed equity loan offers:
- A fixed rate throughout the life of your loan,
- Choice of 7, 10 or 15 year terms,
- No points or closing fees*, and
- Possible tax savings. Consult your tax advisor regarding the deductibility of interest.
Prime Equity Line of Credit
An adjustable rate credit line secured by your home that offers:
- No points, annual fees, or closing costs*,
- Unique, Designed For Members™ rate-change program**, and
- Possible tax savings. Consult your tax advisor regarding the deductibility of interest.
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Sample Amounts for 4.75% apr**
Prime Equity.
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Estimated Payment
on a 180-month Loan:
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Amount
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Monthly Payment
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$20,000
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$156.00
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$30,000
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$234.00
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$50,000
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$390.00
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$75,000
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$584.00
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$100,000
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$779.00
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*Loan must remain open for 12 months; if terminated prior, the establishment costs of $175 - $400 would be recovered. Property insurance is required. There are no membership or participation fees.
**The annual percentage rate may vary. Your rate can be adjusted as follows: when rates are increasing, your rate will only be adjusted two times per year, once in February, and again in August. When rates are declining, your rate will be adjusted monthly. The maximum annual percentage rate is 12.0%
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