 Home Equity Line of Credit
You can easily use
the equity in your home by taking advantage of OECU's Home Equity Line
of Credit. It provides easy access to your home's equity whenever the
need arises.
- Loans up to 90%
of the value of the home less any first mortgage
- You
can access your Home Equity Loan by writing a check, using an ATM
Card, calling "Toni" The
Touch-Tone Teller, or visiting any OECU office
- Interest may
be tax deductible-contact your tax adviser for verification
- No annual fee
for certain product terms
- No processing
fee for certain product terms
No Application
Fee, No Points, No Closing Cost
With an OECU Home
Equity Line of Credit, there are no up-front costs to apply, no points
to pay, and when you borrow $5,000 or more at closing, the closing
cost is waived, provided you maintain the Home Equity Line of Credit
for three years. |
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Free
Home Equity Checks
OECU will provide
you with checks that you can use to access funds on your Home Equity
Line of Credit. The checks will be listed on your monthly account statement,
or can be reviewed by calling "Toni" The Touch-Tone Teller.
ATM Card Access
You can make arrangements
to have your ATM card draw funds from your Home Equity Line of Credit.
The ATM card can be used with your OECU Savings Account, Checking Account
and Home Equity Line of Credit. This provides you with immediate access
to cash from any of these accounts.
Use it for Checking
Overdraft Protection
You can use your
Home Equity Line of Credit as an overdraft protection source for your
Checking Account. There is no minimum amount for an advance, and you
can review the history on your account any time via "Toni" The Touch-Tone
Teller.
Home Equity
Line of Credit
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