How would you like to spend your evenings lounging on a new back porch? Or maybe you want to pay off a few bills that keep hanging around? Then now is the time to apply for a home equity line of credit from Superior Credit Union.
A home equity loan lets you borrow a specific amount of money from the equity in your home at a low interest rate. How low? Rates are currently as low as 4.50% APR*... far lower than the typical credit card or unsecured line of credit. And with a choice of loan limits and terms of five, ten, even fifteen years, a home equity loan from Superior gives you the monthly payment that best fits your budget. It is perfect for the borrower who has one financial goal in mind and wants to know exactly how much it will cost each month until paid.
*Rates based upon individual credit and subject to credit approval. No closing costs offer (costs average $200-$400) requires a minimum $10,000 draw, 2-year repayment term, and an active checking account with direct deposit.Rates based upon 85% loan-to-value. Higher LTV loans available.
“Equity” is calculated from the appraised value of your home. What is the current value of my home?
Important Information: What You Should Know About Home Equity Lines of Credit (pdf)