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Home Equity & Second Mortgages

Use the equity you’ve built up in your home for these low cost loans.  You have your choice of either a line of credit to use whenever you would like, or get a fixed amount of money at a fixed rate.
This product is designed for convenience. With a Horizon Credit Union HELOC (Home Equity Line of Credit) you can take advantage of the low variable rate while having the ease of accessing your funds 24/7. Call today for more information on applying or rates.
It’s always nice to have a source of funds you can easily access in a hurry. With a home equity loan, you have a smart way to tap into the reserve equity you’ve built in your home and get the cash you need. Your interest is usually tax deductible (check with your tax adviser), and your interest rate and terms will be at competitive pricing, with fees ranging from $25.00 to $975.00. Homeowners insurance is required through the life of the loan. You can draw against your credit line any time during the first 10 years after closing. Except during any Introductory Rate period, the maximum ANNUAL PERCENTAGE RATE at any time is 18.00%.
What you will need to apply:

  • Income Verification
  • Two Years Tax Returns (if self-employed: Personal & Business Tax Returns)
  • First Mortgage Statement
  • Current or Recent Appraisal
  • Homeowner’s Insurance Statement

What You Should Know About Home Equity Loans
Important Information About Home Equity Loans