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.