CLOSED END HOME EQUITY

Your Home’s Biggest Secret? The Cash Hiding In Its Walls. Use Your Home’s Equity To Finance All Kinds Of Needs.

Details

A Home Equity Loan is a fixed-rate loan for a lump sum of cash. It is ideal for larger expenses such as renovations, debt consolidation, or education costs. It is available to people who live, work, worship or attend school in any of the following counties: Armstrong, Blair, Cambria, Cameron, Centre, Clarion, Clinton, Elk, Forest, Huntingdon, Indiana, Jefferson, or Mifflin.

• Competitive rates for several short-term or one-time needs:
  • Major life events
  • Debt consolidation
  • Refinancing a first mortgage
  • And much more
• The existing equity in your home is used as collateral backing
• The interest paid might be tax deductible¹
• Minimum loan amount of $10,000
• 5-year, 7-year, 10-year, and 15-year terms available
• Quick, local decision-making and processing in Central Pennsylvania
• Attentive, friendly service from people in your community

Home Equity Lines of Credit (HELOC)

A Home Equity Line of Credit (HELOC) is a revolving line of credit similar to a credit card. It is secured by your home equity. It is great for ongoing or unexpected expenses! It is available to people who live, work worship or attend school in any of the following counties: Armstrong, Blair, Cambria, Cameron, Centre, Clarion, Clearfield, Clinton, Elk, Forest, Huntingdon, Indiana, Jefferson, or Mifflin.

• Competitive rates for several ongoing or seasonal needs:
  • Major life events
  • Home remodel projects
  • Medical expenses
  • Education expenses
  • And much more!
• The existing equity in your home is used as collateral backing
• Borrow up to 80% of the equity in your home
• Funds available anytime without reapplying; apply once, then use repeatedly thereafter
• Draw against your line of credit for up to 15 years
• Funds easily available via in-person or phone transfers to a specified Timberland FCU checking account
• The interest paid might be tax deductible¹
• Quick, local decision-making and processing in Central Pennsylvania
• Attentive, friendly service from people in your community