Your home is more than just a great place to live. It is also a great way to help meet your borrowing needs.
Maximum closing costs paid by lender is $200 for owner occupied primary properties. Regardless of occupancy, members will pay all mortgage taxes. On secondary homes, members will pay all closing costs and mortgage taxes.
When you advance your HELOC, you can draw the amount of money you need, when you need it, and pay back only what you used plus interest. A Home Equity Loan can be used for many other purposes such as consolidating debt, buying a car, or paying college tuition. The interest payments on a Home Equity Loan may be tax-deductible. Contact your tax advisor to find out more.