Home Equity Loans

Home Equity Closed End Loan
You can borrow up to 90% of your homes value minus any current mortgage debt. The interest may be 100% tax deductible and this loan is available even if your 1st mortgage is not at the Credit Union. You can borrow for any purpose such as to purchase a car, boat or camper, home improvements, to take a vacation or consolidate bills.

Home Equity Line of Credit
This type of loan is similar to a home equity loan with these additional features. You have to apply only once and you can use the line of credit now or in the future. You will receive free checks; so just write out a check for that new car etc, the check will automatically create a loan. (The minimum check amount is $250) Use as often as needed. The monthly payment is only 1.50% of the outstanding balance and there are no annual fees.

You may also call with any questions -- 715-561-2842

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