| Home Equity Loans |
| Home Equity Loans are loans where your home
serves as collateral. Home Equity Loans have a given
amount borrowed with a fixed payment over a specified period
of time. |
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Home Equity Lines of Credit |
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A Home Equity Line of Credit (HELOC) is a
form of a Home Equity Loan with a credit limit that
members may borrow up to. Payments are made by
transfer monthly and are 1.25% of the outstanding loan
balance at month end. |
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Mortgage Special |
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This Home Equity Loan is a 10 year fixed
rate loan with a maximum loan to value percentage of 80%
and a minimum new amount of $10,000.00. |
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Home Equity
2 Year Balloon |
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This Home Equity Loan is based on a 15
year amortization with a maximum loan amount of 100% of
market value or appraisal. Payments are fixed for
two years, with a balloon payment at the end of that
time. |
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Home Equity
5 Year Balloon |
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This Home Equity Loan is based on a 15
year amortization with a maximum loan amount of 100% of
market value or appraisal. Payments are fixed for
five years, with a balloon payment at the end of that
time. |
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Home Equity 5 Year Fixed |
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This Home Equity Loan is based on a 5
year amortization with a maximum loan amount of 100% of
market value or appraisal. |
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Home Equity 7 Year
Balloon |
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This Home Equity Loan is
based on a 20
year amortization with a maximum loan amount of 100% of
market value or appraisal. Payments are fixed for
seven years, with a balloon payment at the end of that
time. |
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Home Equity 10 Year
Fixed |
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This Home Equity Loan is a 120 month fixed
rate loan with a minimum loan amount of $5,000.00 with a
maximum loan to value percentage of 100%. |
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Home Improvement |
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This Home Equity Loan is a 60 month fixed
rate loan with a maximum loan amount of $5,000.00. |
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