Home equity loans are currently boasting their lowest rates in years, making it a good time to borrow. Second mortgage equity loans can be a wise option when you have equity in your home and plan to invest in asset-building purchases, such as home remodeling.
Home Equity Lines of Credit
A Home Equity Line of Credit (HELOC) is great for remodeling or education where expenses may vary and you need access to funds over a period of time. Columbia CU offers 24/7 access to funds via checks, personal online banking and our automated phone service.
Fixed Home Equity Loan
This type of loan, also known as a 2nd mortgage, is great for projects when you know exactly how much money you need. You will receive funds in one lump sum, and enjoy the comfort of knowing your rate will remain the same throughout your loan.
*Consult with your tax advisor.
To apply, you will need to fill out the following forms: