A Home Equity Loan is a loan for a fixed amount of money that is secured by your home. You repay the loan with equal monthly payments over a fixed term.
Members First offers the following terms on our Home Equity Mortgage loans:
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A Home Equity Line of Credit (HELOC) is a revolving line of credit, much like a credit card. Borrow as much as you need at any time without exceeding your credit limit. Also, because a HELOC is a line of credit, you make payments only on the amount that you actually borrow and not the full amount available.
Members First offers the following terms on our Home Equity Line of Credit loan:
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** Limitations Apply.
Disclosures: Home Equity Early Disclosure & What You Should Know About HELOCs.