I. Home Equity Loans

Features

• Loans granted for up to 125% of value less first mortgage balance
• Fixed rate, closed-end loans
• Terms up to 12 years
• Most approvals within 1 week
• Closing within 4-8 weeks
• Payments to credit union, automatic payment options
• Lien placed on property

Benefits

• Put your equity to work for you –use the money however you wish!
• Fast approvals mean you get your money fast!
• Never worry about a late payment and tarnishing your good credit with automatic payments!
• Possible tax-saving advantages!
• Professional, personal and local service!

II. Home Equity Lines of Credit

Features

• Loans granted for up to 125% of value less first mortgage balance
• Adjustable rate, open-end loans
• Terms up to 15 years
• Most approvals within 1 week
• Closing within 4-8 weeks
• Payments to credit union, automatic payment options
• Lien placed on property

Benefits

• Put your equity to work for you –use the money however you wish!
• Borrow when you need from the pre-approved limit
• Pay interest only on the current balance
• Possible tax-saving advantages!
• Professional, personal and local service!

III. Share Secured Loans

Features

• Terms up to 10 years
• Adjustable rates, tied to share rates; closed-end loan
• Funds secured by shares or certificates on deposit at credit union
• Loan approved instantly
• Competitive rate margins

Benefits

• Don’t spend your hard-earned savings…let your money work for you!
• Low-cost borrowing!
• Quick, same-day money!
• Flexible terms
• A great loan to re-establish and rebuild bad credit!