Home Equity Loans
Would you like to finally put that addition on your home, replace your old drafty windows, consolidate debt or take a well-deserved vacation? Then spring into action with a Home Equity Loan form LVECU. There are many rates and terms available to fit your needs. Whether you're looking for a fixed Home Equity Loan or a Home Equity Line of Credit for ongoing projects, we're here to help.
Fees & Charges: An appraisal fee may be required. At application, we will give you an itemization of the fees you will be required to pay.
Property Insurance: You must carry insurance on the property that secures your home equity loan.
Tax Deductible: You should consult a tax advisor regarding the deductibility of interest and charges for the loan.
Loan Limits: The minimum to borrow is $5,000. There is no maximum; however if it is over $200,000, it will require an appraisal. The amount you borrow depends on the equity in your home. The credit union may lend up to 85% of the value of your home, minus any existing liens. An appraisal may be required. Terms are available for up to 20 years. If you apply for a home equity loan, we will need proof of your income, debts and home owners insurance. Loans are limited to 1 to 4 family, owner occupied, residential properties.
Loans are limited to real estate located in the following counties:
Berks, Bucks, Carbon, Lehigh, Montgomery, Northampton, and Schuylkill.
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