Ever thought that there is cash stored away in your home? With the help of a Lion's Share Federal Credit Union Loan Officer, that cash can be yours. The Credit Union will secure a first or second lien to your home or on a vacation or rental property. Loans secured with a primary residence can be financed up to 100% loan to current market value. Second homes and rental properties can be financed up to 80% loan to value with a maximum loan amount of $50,000. A current market appraisal is obtained to determine the current market value of the property. The available line of credit is determined by subtracting existing liens on the property from the current appraised value. A home equity line of credit with the Credit Union has a period of ten years that credit can be extended. Another ten years is provided strictly to payoff any outstanding balance. Payments are based on a ten-year payoff with a $50.00 per month minimum. The rate is variable and is based on the Wall Street Journal published prime rate minus ½%. The rate is subject to change each calendar quarter.

With the ease of payroll deduction, the possible tax advantages, and the low interest rate, you have no reason not to look to your Credit Union for the extra cash you need right now! To fill out an application click HERE!