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Low Rate Home Equity Loans

Home Equity Loans

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Home Equity Loans

DREAM BIG.

We’ll lend you a hand.

Whether you need to consolidate debt, fund college tuition, or remodel your home, you can use one of our Home Equity Loan options to ease financial burdens and make life more comfortable.

New! Fixed Rate Home Equity Loan

A new home loan program to help SESLOC members lock in rates on second mortgages.

With a fixed rate, you have the advantage and security of knowing your rate and your monthly payment will not change for the term of your loan. Features include:

  • Affordable fixed rate
  • 20 year term1
  • Fast pre-approvals
  • Easy online application

Fixed Rate1

as low as
6.003%
for a 20-year fixed rate home equity loan.

Adjustable Rate Home Equity Loan

Compared to our new fixed rate loan, our classic home equity loan has a lower initial interest rate, which means lower monthly payments. Even after the initial rate hold period, rates cannot adjust more than 1% annually or 5% over the life of your loan.² Features include:

  • 5 year rate hold
  • 20 year term 2
  • Rate adjusts annually after the initial rate hold
  • Rate caps to provide added security
  • Fast pre-approvals
  • Easy online application

Rate Index: One Year Constant Maturity Treasury – 1% Annual Rate Cap / 5% Lifetime Rate Cap

 

Adjustable Rate2

as low as
6.330%
for a 20-year adjustable rate home equity loan.
1. For a fixed rate home equity loan in the amount of $100,000 for 20 years with an initial interest rate of 5.500% (APR 5.751%*), the estimated monthly payment would be $687.89. Payment examples are based on a set of loan assumptions and are for illustrative purposes only and exclude taxes and insurance. Actual rate, APR and payments will vary based on final loan terms and may be higher. Refer to the Payment Calculator to estimate additional payment examples.
2. For an adjustable rate home equity loan in the amount of $100,000 for 20 years with an initial interest rate of 5.000% (APR 5.544%*) for the first five years, the estimated monthly payment would be $659.96. Payment examples are based on a set of loan assumptions and are for illustrative purposes only and exclude taxes and insurance. Rates, APRs and payment amounts are subject to change based on changes in the rate index, the One Year Constant Maturity Treasury (CMT) Rate, and may increase after consummation. Actual rate, APR and payments will vary based on final loan terms and may be higher. Refer to the Payment Calculator to estimate additional payment examples.
*APR = Annual Percentage Rate

Need more info?

Let's chat.

Request a complimentary consultation with one of our Mortgage Loan Officers. Whether you want to purchase a home, refinance your mortgage or just check out your options, we're here to here to help you make informed decisions.  Simply fill out our form and we'll contact you shortly.

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There is no obligation to join SESLOC or apply for a loan. By submitting this form, you agree to receive email communications from SESLOC and phone calls if this preference is indicated. You can unsubscribe at any time. 

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Looking for a Home Equity Line of Credit?

Rather than one lump sum, a HELOC allows you to draw funds as needed.

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