Term Loan

Second Mortgage (Home Equity) Term Loan

A home equity loan through Telcom Credit Union can help make your dreams a reality. Are you ready to finish your basement or remodel your kitchen? Are you looking for a way to finance that new car you want? Maybe you are worried about the high costs of college or even consolidating debt. Or perhaps you just want to finance that well-deserved vacation. We can help you get the money you need when you need it most. Our low interest Home Equity Loan is the smart way to borrow.

In some cases, you can borrow up to 95% of the equity in your home at a low fixed rate. The interest may even be tax deductible (see your tax advisor) and you can usually be approved within 24 hours.

Minimum loan amount $5,000, maximum loan amount of $150,000
Interest rate based on credit risk score
Fixed interest rate (set payment amount per month)
Can go up to 95% LTV. Some restrictions may apply. Loans over 80% LTV may require private mortgage insurance.
Receive cash in one lump sum
Interest paid may be tax deductible (consult your tax advisor)
Can be used for any purpose
No annual fee
Low closing costs
15 year amortization