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Tap into the value of your home
and the possibilities are endless! Take advantage of our Fixed Rate Home Equity Loans and start those home renovations, open your own business, book your dream vacation, cover those education costs, and more! Plus, no closing costs up to $250,000!
Rates as low as 5.99% APR*
Fixed Rate Home Equity Features:
- Fixed rate over the life of the loan
- Refinance existing Mortgages / Home Equity Loans
- Set up account activity notifications through Online Banking
- Available on properties in New York, New Jersey, Connecticut, Massachusetts, and Pennsylvania
- Possible tax advantages. Consult with your tax advisor to determine eligibility.
- No closing costs on loans up to $250,0001
How much can I borrow with a Home Equity Loan?
Your total home equity can be calculated by subtracting your primary mortgage balance from the current value of your house (as determined through an appraisal). Generally, you will be able to borrow a certain percentage of your total available equity. It's good to leave some of it untouched so that you don't end up "underwater" (when you owe more for the house than it is currently worth). A Palisades Credit Union Loan Officer can help you assess the maximum amount you may be able to borrow.
*APR=Annual Percentage Rate. Rates for this product are as low as 5.99%, subject to applicant credit, property details, loan term, and total amount financed. As an example, a $30,000, 60-month term with 80% LTV at a fixed rate of 5.99% APR would result in an estimated payment of $580. Payment does not include taxes and insurance premiums, if applicable. Closing costs are waived on loans up to $250,000, additional conditions and geographic limitations may apply. Federally insured by NCUA.
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