Do you have a major project on the horizon?
For homeowners looking for a loan with a range of advantages, CCCU
has the solution. A CCCU
Home Equity Loan is ideal for large projects or purchases. CCCU's
Home Equity Loans offer:
- Flexible rates and terms
- Borrow up to 80% of your home's appraised value1
- Minimum loan amount $10,000
- Interest may be tax deductible2
- Competitive rates
Please call your credit union for more information, 541-387-9297....
The Credit Union will loan 80% of tax-assessed value minus the
first mortgage or 85% of current appraised value minus the first mortgage. The
member will be required to pay for the appraisal.
The home must be the member's primary residence in Oregon or Washington.
There are no loan fees or yearly fees. The member is responsible for paying
third party fees such as title insurance, recording fees and flood determination.
These costs can be added to the loan balance.
Interest Rate - Rates may change two times each year on existing Home Equity
Loans. The change dates are March 1st and September 1st.
The minimum amount of a Home Equity loan is $10,000.
Please call Cascade Central Credit Union for details at 541-387-9297 or 800-877-0103.
1 Loan to value ratios apply only to loans secured by owner
occupied real estate
2 Consult your tax advisor regarding the deductibility of interest.
Subject to credit approval.
