Home Equity Loans

Types of Loans
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Enjoy Your Home for All It’s Worth

With every mortgage payment you make, you're building equity in your home. Why not use it? Home equity solutions can usually provide you access to larger sums of money, for longer terms and at lower interest rates compared to other types of loans. In most cases, your interest is tax-deductible (consult your tax advisor). You can use the equity in your home for any number of things:

Consolidate Higher Interest Debt

Home Improvements

Dream Vacation

College Education

New Furniture or Appliances

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Take a look at this chart to see which option may be best for you.

Product	May be right for you if…	Benefits
Home Equity Loan	You know the specific amount of money that you need for a one-time purpose	Lump sum dollar amount at closing Fixed payments for the duration of the loan
Home Equity Line of Credit (HELOC)	You want to borrow what you need when you need it	No interest is charged until you use funds Convenient home equity checks that you can use whenever & wherever you need them Draw period is 5 or 10 years¹ from date opened Minimum payment during the draw period is interest only or $100, whichever amount is greater¹. After the draw period ends, the minimum payment will adjust to an amount necessary to pay the loan in full within the repayment period

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* Denotes required fields
Name (First & Last) *
Phone *
Primary Email *
Do you have a mortgage on the home at this time? *
What is the approximate balance at this time? (Enter N/A if not applicable) *
Your home's value is a key part of determining whether or not we can help. What do you think your home would sell for today? *
Why are you interested in getting a Home Equity Loan or a Home Equity Line of Credit (HELOC)? *

1. APR = Annual Percentage Rate. Subject to credit worthiness and membership eligibility. Variable rate subject to change with prime rate for the duration of the line of credit. Rate may change monthly. Your home equity contract rate is variable based on Wall Street Journal Prime Rate, on your creditworthiness, and CSEFCU’s lending policies. Your rate will vary but never exceed 18.00% APR and never fall below your contract floor rate. Financing up to 90% of the home’s value is available. This offer is only available on owner occupied homes. Minimum initial credit line draw of $5,000. Property insurance required. Flood insurance may be required. No early repayment penalty. Monthly Payments will be interest only during draw period. Fixed payments will be scheduled based on balance outstanding and rate on the first day of repayment. Minimum payments will be at least $100 or your current balance, if lesser. No application fee. No closing costs. No annual fee.

Please contact your tax advisor to determine any tax benefits.

CSE FCU may discontinue or change program without notice.

A CSE Share Account must be opened and in good standing in order to disburse a loan.

All loans are subject to credit approval.

Applying for a loan or credit card product may result in a credit inquiry and the applicants credit score may be impacted.

Upon submitting a loan application, applicants may be required to provide additional documentation to complete the review process. This may include, but is not limited to, one or more of the following: Proof of Income, Recent Credit Card Statements, Verification of Employment, Bank Statements, Proof of Residency or, Housing Documentation.

CSE is an Equal Housing Lender.

CSE NMLS#538074