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Open End Home Equity Loans

ZERO closing costs. Limited time only.

Home Equity

Looking for cash to remodel, pay off high-interest debt, college tuition or other large expenses? CAP COM offers Open End Home Equity Loans (often referred to as Home Equity Lines of Credit, or HELOCs) with 5- to 20-year terms at both fixed and variable interest rates. You can borrow up to 100% of the appraised value of your home.

 

No closing costs on HELOCs up to $200,000. Discharge fees and overnight shipping charges are excluded where applicable. If the HELOC is paid and closed within 3 years of the closing date there is a recapture fee in which you will have to reimburse the Credit Union for all closing costs paid on your behalf.
A first position loan is the primary lien against your property - this is usually a traditional mortgage or can be in the form of a Home Equity Loan. A second position Home Equity Loan is on top of your first mortgage.
Mortgages in New York State only. All Lines of Credit require a minimum initial advance of $5,000 and a minimum limit of $10,000. Other rates are available. Sample payment for a 15-year fixed loan at 4.00% is $7.40 per $1,000. Rates are subject to change without notice.
CAP COM FCU NMLS Identifier: 401261.