Home Equity Loans
LCU offers both fixed and variable rate Home Equity Loans which use your primary residence as collateral. Maximum loan amount up to $500,000.
Fixed Interest Rates
Up to 180 Month Repayment
Open-end Lines of Credit
Using the home as collateral, this line of credit offers members the ability to draw pre-approved credit, as needed. Maximum credit limit available is
- Variable interest rate as low as the Prime Rate.
- 5 year draw period with 15 year repayment
- Up to 100% of equity
- Minimum credit limit – $10,000. Maximum credit limit – $500,000
Convenient pre-approval and automatic payment available. Simple interest with no pre-payment penalties. Consult your tax advisor to learn about possible tax deduction of interest.