 The equity in your home can be a great resource for your specialized borrowing needs. With great rates, possible income tax savings and a variety of programs to choose from, many members are taking advantage of the home equity options available at Telcom. Find the program that fits your needs and apply today!
HELOC (Home Equity Line of Credit)
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Minimum line $5,000, maximum line $150,000 
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No closing costs
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No annual fee to keep the line open
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Interest may be tax deductible (please consult your tax adviser)
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Priced at the Wall Street Journal Prime Rate
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Variable interest rate, adjusted quarterly, based on credit risk score
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Open-ended line-of-credit
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Can go up to 95% LTV. Some restrictions may apply. Loans over 80% LTV may require private mortgage insurance.
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Advances can be done with any teller, telephone banking, online response, web banking or convenience checks.
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15 year draw period
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Can be used for any purpose. Home improvement, vacation, college, bills, etc.
Second Mortgage Term Loan
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Fixed rates as low as 6.25% (6.367% APR)
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Terms from 5 to 15 years
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Minimum loan amount $5,000, maximum loan amount of $150,000
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Interest rate based on credit risk score
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Fixed interest rate (set payment amount per month)
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Can go up to 95% LTV. Some restrictions may apply. Loans over 80% LTV may require private mortgage insurance.
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Receive cash in one lump sum
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Interest paid may be tax deductible (consult your tax adviser)
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Can be used for any purpose
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No annual fee
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Low closing costs
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Up to 15 year amortization
For more information or to apply please call a Telcom real estate specialist today
at 800.356.7465, or click here to apply
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