Home Equity Loans
Use the equity in your home to give you the financial freedom you require to make those necessary home renovations, do some well-deserved travelling, pay off high-interest debts, or for whatever lifestyle goals you may have in mind.
Benefits:
• Saves money - lower interest rate due to security.
• Peace of mind with life, disability and job loss insurance available.
Features:
• Security will normally be member's principal residence.
• Value of loan up to 80% of property’s value.
• All relative costs, i.e. legal, appraisal, etc. can be added to loan amount.
• Flexible weekly, biweekly, or monthly repayment schedules
• Up to 25 years to repay.
MAXIMUM TERM-YRS 25
MAXIMUM AMOUNT: 80 %
RENEWAL TERM 1-5 YRS
All loans subject to credit approval and normal credit guidelines.
Benefits:
• Saves money - lower interest rate due to security.
• Peace of mind with life, disability and job loss insurance available.
Features:
• Security will normally be member's principal residence.
• Value of loan up to 80% of property’s value.
• All relative costs, i.e. legal, appraisal, etc. can be added to loan amount.
• Flexible weekly, biweekly, or monthly repayment schedules
• Up to 25 years to repay.
MAXIMUM TERM-YRS 25
MAXIMUM AMOUNT: 80 %
RENEWAL TERM 1-5 YRS
All loans subject to credit approval and normal credit guidelines.