Home Equity/Second Mortgage Loans
Bring It On Home To SLCU! Your home is worth more now than when you purchased it. The difference between this increased value and your present mortgage can represent instant cash for you.
Your Home Equity Loan is waiting for you at SLCU!
Use the equity you've built up in your home to get started on those projects you've been putting off! Remember: Your interest may be tax deductible!
What Are My Options?
A fixed-rate home equity loan is like a car loan, with a one-time payment that is repaid over a fixed amount of time. A home equity line of credit (HELOC) works more like a credit card. Say you have a $10,000 HELOC loan. You borrow $5,000, but then pay back $3,000 toward the principal. You now have $8,000 in available credit. This gives you more flexibility than a fixed-rate home equity loan.
A HELOC is the perfect solution for your on-going home improvements. Just establish your credit line. One phone call to your credit union loan officer and you can draw on your HELOC. It's that easy! Repayments are simple too. An automatic transfer is made each month to HELOC loan. Check out a Home Equity Line of Credit today!
Home Improvement Loans
If you've got a home improvement project to finish (or start) contact your Loan Officer at SLCU.
(A Home Improvement Loan is considered a "non-purchase money loan on
our Rates page.)
Buying or Selling a Home?
We've combined mortgage loans and a realty service to save you LOTS of
money! Click here for details.
For general loan questions, call Soo Line Credit Union at 952-895-5277 or toll-free at 1-877-634-0020. Or, contact one of our Loan Officers via email at email@example.com.
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Soo Line Credit Union