You can use a Tax Advantage loan to buy a car, make home improvements or for any purpose that you’d use a home equity loan for. But, a Tax Advantage Loan is faster and less costly than taking a home equity because the application process is not as lengthy and there are no closing costs, except the mandatory, NYS Mortgage Tax. You may be able to deduct the loan interest you pay because we file a mortgage to secure your loan. Check with your tax advisor to be sure your qualify. Your Annual Percentage Rate (APR) will be the same as APR as the consumer loan product you're attaching to the Tax Advantage Loan.
Why choose Community Resource for your loan?
- Affordable payments
- Competitive rates and low fees
- Flexible terms
- Fast approvals
- Friendly service
- Rate discount on most fixed rate loans if you have our checking account or for automatic payment
- Convenience of payroll deduction/direct deposit for easy repayment
- No prepayment penalties on consumer loans.
Apply for a Tax Advantage Loan. Call (518) 783-2211 or 1-888-783-2211 for more information.