THINKING ABOUT A NEW HOME EQUITY LOAN?
If you are a homeowner, you can use your home equity to satisfy your borrowing needs. Suffolk Federal CU offers a low fixed-rate home equity loan with affordable monthly payments. Our home equity loan can help you with home improvements or college expenses. You can even pay off medical bills or credit cards, pay for a wedding, or get a new car or boat.
With a home equity loan, the money you borrow comes in a lump sum and has a fixed rate. The interest may even be tax-deductible (consult your tax advisor regarding the deductibility of interest).
HOME EQUITY
SFCU offers fixed rate Home Equity loans to members/homeowners.
Minimum Loan Amount
$30,000 |
Maximum Loan Amount
80% of appraisal value less outstanding mortgage amount |
Annual PercentageRate (APR) Rates are fixed at time of loan closing for the life of the loan. Listing of current rates may be obtained by:
Clicking here for our current rates.
Calling or visiting the credit union main office or branches.
Calling Audio Lending...Service Code 52# on Member Telephone Service.
Fee(s) Filing fee depends on amount borrowed. An appraisal and title search may be required. Title insurance on loans over $200,000 will be ordered.
Tax Advantages Subject to amount borrowed up to 20 years.
Interest paid may be tax deductible. Members are advised to consult with their tax advisor.
NON-PRIMARY RESIDENCE HOME EQUITY
SFCU offers fixed rate Home Equity loans to member who own a non-primary residence up to 80% LTV.
Maximum Loan Amount 80% of the appraisal value less the outstanding mortgage amount.
Annual Percentage Rate (APR)
Rates are fixed at time of loan closing for the life of the loan. Listing of current rates may be obtained by:
Calling or visiting the credit union main office or branches.
Calling Audio Lending...Service Code 52# on Member Telephone Service (MTS).
Fee(s) Filing fee depends on amount borrowed. An appraisal and title search may be required. Title insurance on loans over $200,000 will be ordered.
Repayment Terms Subject to amount borrowed up to 20 years.
Tax Advantages Interest paid may be tax deductible. Members are advised to consult with their tax advisor.
