- Allows you to keep your First Mortgage rate.
- Offers a better rate than most credit card rates.
- Pay NO fees for a Home Equity Line of Credit.
- Pay only the appraisal fee on a Second Mortgage.
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 is based on the percentage of the 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!
Apply Online*Federally insured by the NCUA. Equal Housing Opportunity. Killed in the Line of Duty Loan Protection is available only for the qualifying officer, and the protection may not be purchased outright. This debt cancellation benefit only applies in the case of death. Please see the loan addendum upon loan closing for more details.