Home Equity Loans
Everyone can use a little extra cash at one time or another. Whether you are planning some simple renovations, building an addition to your home, or need help paying for other major expenses, a Home Equity Loan may be the answer.
- Fixed rate, term, and monthly payments
- No closing costs, application or annual fees
- No pre-payment penalties
- Borrow up to 80% of your home's appraised value*
- Repayment terms of 10 or 15 years
By using the available equity in your home as collateral, a Home Equity Loan can be an affordable way to get the funds you need. Plus, Advantage One offers no closing costs, application or annual fees. Apply Today!
*Borrow up to 80% of your home's appraised value (less mortgage & liens). Minimum loan amount of $5,000.
|Closed End Home Equity Loans|
|Effective Date: Monday, September 24th, 2018|
|Name||Term||Annual Percentage Rate|
|Closed End 10 Year Loan||10 Year||6.25%|
|Closed End 15 Year Loan||15 Year||6.75%|
Quoted Closed End Home Equity Loan rates are the lowest available. Your final loan rate is based upon credit worthiness, original loan amount, and loan-to-value and may be higher than the quoted rates. Retain a copy of the preliminary disclosures. The credit union will receive a security interest in the dwelling.