Intelligent Resources to Create Solutions...
Loans and terms are available for up to thirty years, and are at very competitive market rates. Options are available for owner-occupied residences including up to three additional units, and for rental income properties that are not owner-occupied. Please contact Ben Menke, our Home Loan Specialist, for more details on these options. .
(For Ohio properties only, and some restrictions apply. This is not a committment to lend. Equal Housing Lender.)
Home Equity Loans and Lines
Home Equity Loans are a popular option...
By using the equity in your home as collateral, you have a resource for home repairs, vacations, college expenses, debt consolidation, or most anything, and at the very low rate. (The rates may vary based on changes in the Prime interest rate, and on the applicants credit score, so please call or stop in to your local office for complete rate information.*) With a line of credit, you only pay interest on the money drawn from your line, and the payments are based accordingly. One of our credit union home equity professionals can explain how a home equity loan works, and help with the math.
The interest paid on your home equity line of credit may also be tax-deductible (Consult your tax advisor to see if you are eligible for this benefit.) The rate is variable, based on the Prime Interest Rate published in the Wall Street Journal as a basis. There are NO closing costs associated with this service, and there is a low $35 annual fee. Minimum draw amount is $500, and minimum loan amount is $5000. There are NO prepayment penalties if the line is open and active for at least 12 months. *
*For Ohio properties only, and some restrictions apply. This is not a commitment to lend. Equal Housing Lender. Closing costs and prepayment penalties are waived if the loan is open for at least 12 months. Terms and rates shown here are subject to change without notice.
The interest paid on your home equity line of credit may also be tax-deductible (Consult your tax advisor to see if you are eligible for this benefit.) * The rate is variable, based on the Prime Interest Rate published in the Wall Street Journal.