Cash in on your equity.
If you've owned your home for a while and have been making regular monthly mortgage payments, there's a good chance you've built up equity that can be used as collateral for a loan. Which one is right for you?
Home Equity Loan
- Receive your money in one lump sum
- Low, fixed rates
- Flexible repayment terms - up to 15 years
- No pre-payment penalty
- Closing costs paid by Oxford Federal Credit Union*
- Interest paid may be tax deductible**
Home Equity Line of Credit (HELOC)
- Withdraw money as needed
- Variable interest rates
- Fluctuating monthly payments
- Closing costs paid by Oxford Federal Credit Union*
- Interest paid may be tax deductible**
Apply online or call us at 800.991.9219.
Disclosures
*Loan must remain open for three years. Estimated closing costs $600. Membership eligibility required, included $5 minimum share account balance. Additional disclosures will be sent to you upon application submission. Property insurance required. Flood insurance required where applicable.
**Consult your tax advisor about the deductibility of home equity interest.