Your home equity can turn into funding for nearly anything. Use it to finance any of your needs, from education to home renovation.
Key Features
-
Competitive Rates
-
Local Processing
-
Quick Decisions
Home Equity Loans
- The property must be a 1-4 family owner occupied residence
- GREAT RATES - accommodating repayment terms that work uniquely for you, 5 to 20 years
- Ideal for those special, one-time projects or paying off extra expenses
- One time immediate payout to you or your creditors
- Monthly principal and interest payments
- Use the existing equity in your home - up to 90% of the value - as collateral
- No closing costs1
- Set up automatic pyaments form your St. Mary's Account for the best interest rate
- The interest paid might be tax deductible2
- Quick, local processing and decision-making
- Attentive, friendly service from start to finish
- Check today's Home Equity Loan rates
1Excludes any discharge or special legal recording fees
2Consult a tax advisor.
Home Equity Lines of Credit (HELOC)
If you need to access cash quickly for a large purchase or unexpected expense, a home equity line of credit lets you get the money you need without having to reapply every time you need it. Put your home's equity to work for you!
- The property must be a 1-4 family owner occupied residence
- GREAT RATES - The interest rate is adjustable and tied to the Prime Rate as published in The Wall Street Journal minus 50 basis points (-0.50%APR) for the life of the loan, subject to minimum interest rate of 3.25%APR and maximum rate of 12.00%APR
- 10 year interest only draw period, followed by a 15 year repayment period
- Ideal for several ongoing or seasonal needs:
- Education expenses
- Major life events
- Major home improvements
- Debt consolidation
- Emergency reserve
- And much more
- Revolving credit - as principal is repaid, funds become available for use again
- Use the existing equity in your home - up to 80% of the value - as collateral
- No Closing Costs1
- Funds easily available via in-person or automated phone and online transfers to a specified St. Mary’s Credit Union checking account
- The interest paid might be tax deductible2
- Set up automatic payments to be deducted from your account monthly
- Quick, local processing and decision-making
- Attentive, friendly service from start to finish
- Check today's Home Equity Line of Credit rates
1Excludes any discharge or special legal recording fees
2Consult a tax advisor.