home equity loan

You’ve invested tons of money into your home, so why not take advantage of one of the many perks of home ownership? Tap into your home’s equity for a little financial freedom: buy a car, pay for college, fund a wedding, take a dream vacation, or make home renovations.

With our Home Equity Loan, you can borrow money at a lower rate than most other consumer loans. You can even pay off higher-interest debt and have one lower monthly payment to make. Here are a few more reasons why our Home Equity Loan is the smartest loan in town:

• Borrow up to $250,000 in one lump sum. Enough money for even the largest of life’s purchases. Loan can be disbursed into the account of your choice, or paid directly to a specific company or individual.
• Fixed rates and payments. You won’t be surprised with interest rate hikes, and you’ll have the peace of mind of stable monthly payments.
• No application fee, no points, and no prepayment penalties make our home equity products a very affordable way to borrow. Appraisal and closing costs can be added into your loan, so you won’t have any upfront closing costs.
• Terms up to 15 years. Designed to keep your monthly payments manageable.
• Interest may be tax-deductible. Speak to a tax advisor for information on your specific financial situation.

So what’s next? Check out our current rates by clicking the “Rates” tab above, estimate a payment by clicking the “Calculator” banner below, or better yet, click “Apply Now” and let’s get the ball rolling! You can also call us at 818) 238.2900 x1 to speak immediately to a Loan Representative 24 hours a day.

Note: All fees associated with a Home Equity Loan or HELOC can be included in the loan or taken out of the proceeds.

*APR is Annual Percentage Rate. The Home Equity Line of Credit APR is a variable rate which is based on the Prime Rate. Loan approval and rate are based on a verification of income, an evaluation of your creditworthiness, and property evaluations which include Loan-to-Value (LTV). Your rate will never be less than 4.00% or exceed 18.00%. If you cancel your loan, third party fees may apply. Costs include a non-refundable appraisal fee, plus title insurance and recording fees. Property insurance is required. Loan amounts up to $250,000. For additional details, please call the credit union at 818) 238.2900. All loans and rates are subject to change.

The following information will be needed before you apply:

• Statement(s): Your most recent statement showing balance(s) owed on your first trust deed and your second trust deed (if applicable).
• Verification of income: Two months of current and consecutive pay stubs and a copy of your most recent tax return. If you are self-employed, please bring complete tax returns for the last two years.
• Insurance: A copy of your most recent Homeowner’s Insurance Policy.
• Other: A copy of original 1st Mortgage loan contract in full.

Must be the primary residence in California, and cannot be more than four (4) units.