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Home Equity Loans

 

Home Equity Loans

eq-ui-ty (ek'wi-tee) The residual value of a property beyond any mortgage thereon and liability therein.

Your house could have you covered for the good things in life. You've put time and money into making your house a home, and those payments you've made have increased the equity. Now it's time to let your home give something back. Your home's equity can unlock the doors to:

- Make improvements on the house
- Take a family vacation
- Upgrade to a new family car
- Consolidate high-interest debt
- Pay for tuition
- Buy a new computer
- You name it -- your home can make it yours!

Favorable Rates & Terms

Choose from a fixed rate loan or a variable rate line of credit. You can borrow as much as $150,000 --- up to 90% of your home's value. And you can choose a repayment term that fits your needs --- up to 15 years.

Tax Advantages

When you choose a Home Equity loan, it's much like a mortgage. That means you may be able to deduct the interest you pay from your taxes.* That's something credit cards just can't offer.

Nicole Patterson, Home Equity Originator NMLS #1601641
SIOUX FALLS FEDERAL CREDIT UNION
700 E. 14th STREET/ P.O. BOX 5735, SIOUX FALLS, SD  57117
Direct:  (605) 977-8368
nicolep@siouxfallsfcu.org
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