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Home Equity

Make your home’s equity work for you.

If your home is worth more than you owe on your current mortgage, then your home has equity.  If you are looking to make improvements to your home such as upgrading a kitchen or adding a roof or maybe you need help financing your child’s education and you have equity in your home than a Home Equity Line of Credit may be right for you.

Wallkill Valley Federal’s Home Equity Line of Credit is designed with you in mind…..

Home Equity Line of Credit

Whether your plans include home improvements, a new car, college tuition, or some other purpose, our Home Equity Line of Credit offers convenient checkbook access to funds.

Just some of HELOC’s many benefits:

  • 10 Year Credit Line Draw Period *
  • Prime + 0 For The Life of The Loan
  • Interest Charged Only On Funds You Use
  • No Application Fees
  • No Annual Fees
  • Credit Lines up to $150,000
  • Utilize up to 80% of Your Home’s Equity
  • Fast, Local Loan Approvals
  • No closing costs**

* Interest only payments for the first 10 years, then monthly P&I payments for the remaining 15 years.
**If the loan is paid off within 3 years from origination, you will reimburse the bank the closing fees associated with the home equity loan.

You can get started right now!

NMLS Institution ID#: 1790987

Closed End Home Equity Loans

If you have a financial need, have equity in your home but do not require an open line of credit, our Closed End Equity Loans may be what you are looking for.With these types of loans you have a low fixed rate, a fixed monthly payment and no prepayment penalties.You can make your home’s equity work for you, getting the finances you need and payments you can afford.If you have questions regarding this type of product or would like to speak with one of our lending experts to find out if a Closed End Equity Loan is right for you, please don’t hesitate to give us a call.

Details of a Closed End Home Equity Loan:

  • Low Fixed Rates
  • Fixed Monthly Payment
  • Terms Up To 15 Years
  • No Closing Costs **
  • Fast, Local Loan Approvals
  • Utilize up to 80% of Your Home’s Equity
  • Interest May Be Tax Deductible *

 

*We recommend that you check with our tax adviser.
**If the loan is paid off within 3 years from origination, you will reimburse the bank the closing fees associated with the home equity loan.

You can get started right now!

NMLS Institution ID#: 1790987