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Home Equity Line of Credit |
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| More Information |
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| Product Description |
A line of credit loan that lets you borrow against the equity in your home. Good for major home repairs, educational expenses, paying taxes and more.
NOTE: Loans are only issued on primary residence and lien must be in second position. |
| Minimum Loan Amount |
$10,000 |
| Maximum Financing Term |
15 years; 10 year draw period with a 15 year payoff. |
| Interest Rate |
View Current Rates
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| Tax Advantages |
The interest rate you pay may be tax deductible^ |
| Closing Costs |
No closing costs with qualifying tax assessment |
| Appraisal Costs |
Member only pays appraisal cost if an appraisal is needed to qualify |
| Home Banking |
Yes |
| Payroll Deduction |
Yes |
^Check with your tax advisor for details.
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