Smart Choice Home Equity Loan

Why should I get a Home Equity Loan?
A home equity loan might be best if you plan to use the money for a one-time occasion such as a home repair, purchasing a car, paying for your daughter’s wedding, or consolidating debt. Why? Because home equity loans are disbursed in one lump sum.

Also, the interest rate on our Smart Choice Home Equity Loan is fixed and so are the monthly payments. You pay principal and interest every month for the life of the loan. 

• Borrow $5,000 to $500,000
• 5, 10,15 and 20 year options
• 80% LTV⁺ for 1^st liens.^††
• 80% and 90% CLTV^* options for 2^nd liens.
• No pre-payment penalty
• Fixed Rate
• Interest may be tax deductible!^{^}

Owner-occupied - primary residence. 

Don’t forget to protect your most valuable asset! TruStage® gives credit union members access to coverage underwritten by Liberty Mutual^® Insurance Company - learn more!

^†The Smart Choice Home Equity Loan and the HELOC must be secured by the owner-occupied primary residence.. Homeowner’s insurance is required. All loans are subject to credit approval.

⁺LTV = Loan to Value.
^††1^st Lien Smart Choice Home Equity Fixed Rate loans are limited to a maximum value of 80%.
^*CLTV = Combined Loan to Value.
^{^}The statements above should not be relied upon without the advice of a Professional Tax Advisor. Interest payments on this loan may be tax deductible depending upon the facts and circumstances. This is not intended to be tax advice.