Home Equity ‘LINE OF CREDIT’ Loan
Take advantage of the equity in your home with a Home Equity ‘Line of Credit’ loan. Our competitive Lines of Credit can be used for almost any purpose, including:
Low Cost, Easy to Apply, Lots of Flexibility
Many of our members have taken advantage of our Home Equity Line of Credit loans. Now you can unlock the power of the equity in your home and use the amount you need when you need it!
-
No interest is charged until the credit line is used
-
Borrow up to 80% of your property’s value on your Owner-occupied property
-
Non-owner occupied ‘Line of Credit’ Loans available (Contact the credit union for details)
-
Interest Rates among the lowest you’ll find anywhere
-
No Points or Loan Origination fees
-
No application fees
-
No or low closing costs for qualified members
-
Easy application process
-
Variable rate loan (Index is Prime Rate + 0%)
-
Repayment terms up to 40 years
-
No prepayment penalties
-
No annual fees or maintenance fees
-
A tax break—interest may be 100% deductible (Consult your tax advisor or attorney for details)
-
Loan assistance & processing done by trained, professional mortgage personnel working for you, the member-owner, not for commissions.
-
Home Equity ‘Line of Credit’ Loans are available in California & Idaho.
Take advantage of the equity in your existing home, Silverado Credit Union has a Home Equity ‘Line of Credit’ loan designed to meet your individual needs. Contact us with any questions you might have…we’ll be happy to assist you!
CURRENT RATE INFORMATION
For current Home Equity ‘Line of Credit’ loan information, rates and terms, please call us at (707) 965-2483.
APPLY TODAY!
For an application simply E-mail or give us a call.
* Maximum loan limit is based on the aggregate balances of your 1st Deed & 2nd Deed Mortgage Loans and the property’s current market value. Subject to credit union maximum loan, loan to value and real estate underwriting guidelines.
