Low Cost Home Equity Loans
LOW COST HOME EQUITY LOANS

 

A Community Resource Home Equity Loan helps you fulfill your dreams...whether your dream is to make needed home improvements or renovations, or to simplify your life by consolidating bills. A home equity loan is a loan that is secured by the equity you've built up in your home. The equity in your home is the difference between the amount your house is appraised for and what you owe on your mortgage.
Calculators

All of our home equities offer:

  • No annual fees
  • Low closing costs
  • Fixed loans/adjustable lines up to $250,000
  • Reasonable payments
  • Flexible terms and fast approvals
  • Interest may be tax-deductible (consult your tax advisor).

There are three types of home equities:

1) Fixed Rate Home Equity Loan

  • Take out money in one lump sum
  • Terms to 20 years
  • Finance up to 90% of the appraised value, less the first mortgage, if any

2) One-Year Adjustable Rate Home Equity Line of Credit

  • Introductory Annual Percentage Rate is fixed for the first 12 months from the date of disbursement
  • Convenient check access
  • Access your line for up to 10 years
  • Finance up to 85% of the appraised value, less the first mortgage, if any
  • Minimum line is $10,000

3) Three Year Adjustable Rate Home Equity Line

  • Annual Percentage Rate adjusts every three years
  • Convenient check access
  • Finance up to 85% of the appraised value, less the first mortgage, if any
  • Minimum line is $10,000

Apply for a Home Equity Loan. Call (518) 783-2211 or 1-888-783-2211 for more information.