Home Equity Line of Credit

A variable rate, open-end line of credit secured by the equity in your home.

Features

• Easy way to access cash for just about anything imaginable...from cars to remodeling to bills to college education
• As a homeowner, you may borrow against your home's equity for almost any purpose
• Unlike other forms of credit, interest on a home equity loan is often tax deductible (see your tax advisor for details)
• Competitive rate based upon Prime Rate as published in the Wall Street Journal
• Easy access to funds by writing a check, or requesting an advance via phone or in-branch
• As you pay down this loan, funds become available for use again and again
• Low, easy-to-manage monthly payments
• Convenient repayment with automatic payments transferred electronically via another SDMCU account or payroll deduction
• Low $500 minimum advance

Please Note: Additional .25% rate discount may apply for members with a SDMCU First Deed of Trust. Automatic payment discount is not applicable.

Terms are subject to change without notice. All loans are subject to credit approval. Other restrictions and conditions may apply.