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Utilize your Home Equity!

Your home is your haven. It’s also a significant financial asset. A Home Equity Loan is a way to use the equity in your home to improve your home.  Essentially, it’s a second mortgage on your home that gives you a lump sum of money quickly without being crippled.  Because you’re using your home as collateral, you’re able to receive a low fixed rate.  This is one of the biggest advantages of a Home Equity Loan with CBI FCU.

This is a great way to tackle your to-dos:

  • Bathroom remodel or Kitchen you've been dreaming about?  No problem.
  • Needing a new Roof?  You're covered.
  • Credit Card debt or Tuition?  Say goodbye.
A Home Equity offers you the fixed rates and extended terms that gives you the freedom you need to accomplish whatever life throws at you.

Why CBI Federal Credit Union?

  • Closed-end, Fixed Rates.
  • Access funds up to 80% of  your home's equity with a minimum of $10,000 and a maximum of $100,000 based on term.
  • Repayment terms up to 15 years.
  • Quick turnaround and loan processing time.

Ready to apply for a Home Equity Loan?  Here are some of the document's you'll need:
  • Most recent pay stubs (30 days) or proof of other income (Social Security or Retirement benefits)
  • Current Mortgage statement
  • Proof of Homeowner's insurance Policy (Declaration page)
Whatever the needs, a Home Equity Loan from CBI FCU can help. 
*The Secure and Fair Enforcement for Mortgage Licensing "SAFE Act" requires the registration of a mortgage loan originator "MLO" on the "NMLS" federal registry, which CBI Federal Credit Union NMLS #608048 with Mortgage Officer Fran Parkison, NMLS #809919.