HELOC & Second Mortgages
Make the most of your home's equity
What is a HELOC?
Borrow from your home's equity
Traits of a HELOC:
- 20-year term (10-year draw, followed by a 10-year repayment period)
- No Private Mortgage Insurance (PMI)
- Available in most states
Term | Rate | APR |
---|---|---|
HELOC 20-Year Term (10-Year Draw)* | 7.75% | 7.75% |
**Rate stated as Annual Percentage Rate. Membership and eligibility required. Terms and conditions apply. O.A.C.
Second Mortgages
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Term | Rate | APR |
---|---|---|
5-Year 2nd Mortgage | 7.00% | 7.00% |
10-Year 2nd Mortgage | 7.50% | 7.50% |
6-Year Balloon (15-year amortization) | 7.50% | 7.50% |
6-Year Balloon (30-year amortization) | 7.75% | 7.75% |