The
Credit Union Offers 2 Different Options
The main difference between a 2nd Mortgage and Home Equity Loans
offered by the Credit Union is whether they're closed-end or open-end.
A closed-end Loan is a one-time, one-sum disbursement. An open-end
line-of-credit lets you draw on the Loan numerous times up to
your approved limit.
To provide you with everything you need to apply for a Home Equity
Loan, materials are available for review online (see 2 options),
you can apply online (see 2 options), you can download one of
the all-in-one Home Equity Loan Packages (see 2 options), we would
be happy to send you print materials in the mail, or you can meet
with us in person.
Read through the materials. Then when you are ready, complete
one of the online application forms. Collect the items needed
for your Home Equity Loan application and send them to us (see
checklists).
Our Home Equity Loan team associates are available to answer
questions:
FlexEquity Line Frequently
Asked Questions
Equibuilder 2nd Mortgage Frequently
Asked Questions
For more discussion on home loans, see our Loan
Center.
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