Home Equity Loans
If you've ever thought about remodeling ~ anything from your home to your budget ~ then now is the time to get it done! With a
low-interest home equity loan from South Metro Federal Credit Union you can make your thoughts a reality.
Whether it's a home improvement project or a consolidation of those pesky debts, SMFCU's Home Equity Program is sure to have a product that's right for you. Use your house key to unlock the cash you need.
Unlock cash for:
- Home Improvement
- Automobile
- College Education
- Vacation Home
- Boat or RV
- Debt Consolidation
- ...or, just about anything!
Your home could be your best borrowing alternative. Check out your options below.
- Variable or Fixed Rate Loans
- Loans up to 80% of your homes value
- Up to 15 years to pay
- A second mortgage, so you can keep your low-interest first mortgage.
|
What Are the Benefits?
- Move your higher interest credit card debt to a lower
interest rate
- The interest paid on the loan is usually tax deductible.
Create a tax savings!
- New lower monthly payments...lower your monthly payments ..... $100 to $200 or more!
- Much lower interest rate than most credit cards
- Accessibility; the Line of Credit can be used when you need it
Our Home Equity Program has two different products built around the equity you have in your home, how large your project is, and whether your project involves improvements to your home or simply improvements in your budget!
In case you're considering something with flexibility, a variable
line of credit makes so much sense. By establishing a South Metro HELOC now, and using the equity in your home as collateral, you can manage the cost of home improvement projects, college tuition, a dream vacation, or even the purchase of a new car, while maximizing your tax deduction opportunities.*
South Metro HELOC is an open-end revolving credit line which allows qualified home-owners multiple advances for virtually any purpose. Borrow up to 80% of your home's value (minus your first mortgage balance).
South Metro Fixed Rate Home Equity Loan is a closed-end loan which allows qualified home-owners a single advance for virtually any purpose. Borrow up to 80% of your home's value (minus your first mortgage balance).
Call our office at (952) 445-0888 to inquire about South Metro's HELOC and Fixed Rate Home Equity loans.
*Valid on certain Minnesota property only.
* Consult your tax advisor for details.
|
