|
Home Advantage Line of Credit
 |
What Can You Do With Your Home's Equity?
|
- We will lend up to 95% of the appraised value of your primary residence minus your first mortgage balance to qualified borrowers.
- We will lend up to 90% of the appraised value of your secondary residence/camp minus your first mortgage balance to qualified borrowers.
- Closing costs paid by Oxford Federal Credit Union.*
- Interest you have paid is tax deductible in most cases.
(Consult your tax advisor.)
- Pre-authorized credit line lets you draw funds as you need them.
- Interest only payment option.
- Property insurance required.
* Line of Credit must remain open for three years. Estimated Closing Costs $400. Membership eligibility required, including $5 minimum share account balance. Your payment will vary due to amount, interest rate and term. Additional disclosures will be sent to you upon application submission.
Fixed Rate Home Equity Loan
- A fixed payment for the term of the loan.
- Interest you have paid is tax deductible in most cases (consult your tax advisor).
- The loan is funded as one lump sum. If you need to borrow more, you will have to re-apply.
- Closing costs paid by Oxford Federal Credit Union.
Click Here To View Current Mortgage Rates
Important Disclosures
|
