You’ve worked hard for your home, now let your home work for you. Go ahead – remodel, fix that leaky roof, finance your children’s education, or consolidate high-interest credit cards into one low-cost payment. We can help you achieve your goals with a Second Mortgage or Home Equity Line of Credit that’s right for you.
What’s the difference between a Second Mortgage and a Home Equity Line of Credit:
Second Mortgage
- Also known as “Second Mortgage” (but does not impact your First Mortgage in any way)
- Can be used for almost anything
- Borrow fixed amount (Borrow up to 100% of the appraised value of your home!*)
- Fixed payments amounts
- Receive lump-sum payment
- Fixed interest rate
- Only pay the cost of the appraisal and NO other closing cost
- NO early payoff penalties
Home Equity Line of Credit
- Also known as “HELOC” (but does not impact your First Mortgage in any way)
- Can be used for almost anything
- Revolving credit with a limit based on your home’s equity
- Payment based on percentage of outstanding balance owed
- Draw funds as needed for a specific period of time
- Variable interest rate based on the prime plus rate
- NO closing fees or appraisal fees
- NO early payoff penalties
Call 1-877-329-2405 or 402-391-4040 to schedule an appointment and learn more or apply online today!
*Some restrictions may apply. Rates subject to change without notice. See your Credit Union for details. Equal Housing Lending. Federally Insured by the NCUA.