The Equity in Your Home
SESLOC Financial Calculators
Our payment calculators can help you determine a loan that fits your budget.*
Use of these calculators is not to be construed as guarantees of credit, of deposit account earnings or of tax savings. See full disclosure below.
* Interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment or borrowing advice. Calculators provide hypothetical illustrations of historical, current or future performance estimates. Actual rates, terms and payments may vary. Calculators are for educational and illustrative purposes only. These calculators provide data that may help you analyze your financial situation based on assumptions and information you provide. A calculator should not be relied on as your only source of data. Calculators are provided from sources we believe to be reliable; however, there is no accuracy guarantee. Use of this calculator is provided to you without warranty of any kind, express or implied or statutory, including "fitness for a particular purpose." We encourage you to seek personalized advice from qualified financial professionals regarding your personal finance situation. User agrees to hold SESLOC Federal Credit Union harmless from any and all costs and liabilities for any improper use or violation of these terms. These terms and agreement are governed by California law.
Home Equity Tips
From the News+ Blog
A Home Equity Loan leverages the equity you’ve built in your home to get access to funds at a lower rate than other loan types. A Home Equity Loan is a closed-end loan, meaning you get a lump sum and repay it with interest over a specified term.
The purpose of home insurance is obvious. The tax rules surrounding home insurance, though, aren’t always so clear. For example, if your insurance won’t cover you for a given loss, are you simply left holding the bag, or can you expect some tax relief? And what about premiums — can you deduct them or not? Here are some tax tips to help you make sense of it all.
One of the benefits of homeownership is equity. A Home Equity Line of Credit (HELOC) or a Home Equity Loan (also know as a second mortgage) allows a homeowner to borrow money using the home’s equity as collateral.