A Home Equity Loan is a multi-purpose loan that is secured by a
lien on your home. As a homeowner, you can use the equity in your
home for things like a home improvement project, college tuition,
family vacation or even to consolidate credit card debt. The
interest rate is usually much lower than what you'd pay on a credit
card or personal loan. Best of all, the interest you pay may be
tax-deductible. (Please check your status with a trusted tax
as low as 3.25% APR* and same day approval, fast closings and
- you can get that equity working for you any time you choose and
it's that SIMPLE!
Also Available NEW
APR = Annual
All loans subject to credit approval. Rate and term to be
determined based on credit worthiness. Rate includes full
relationship discount. Refinancing of existing GHS FCU
loans does not qualify. Minimum loan amount is
$5,000.00. Credit union membership required with a $25 minimum
deposit and $1.00 membership fee. On a $25,000.00 loan, payment
would be $452.04 (e) at 3.25% APR for 60 months.
Monthly payment is example only and will vary based upon loan
amount, loan term and loan to value. Advertised rate based on A+
credit and less than 61% loan to value. GHS will pay
most closing cost fees with the exception of state
mortgage tax fee and county discharge fee. Property insurance
required. Flood insurance may be required. Rates subject to change.
Some restrictions may apply.
Home Equity Line of Credit
You may also want to look into a Home Equity Line of Credit
which is much the same as a regular Home Equity Loan. There is one
important exception however, the Home Equity Line of Credit allows
you to take advances (to your approved maximum), as needed.
As you pay down the loan, the money becomes available again for
Did you know? Credit life and credit disability
insurance are available on GHS home equity loans. The GHS
Loan Department (607) 723-7962 can give you more information on
this and GHS Home Equity Loans and/or Lines of Credit and help you