Home Equity Line Of Credit

Seneca Savings Is Now Offering Home Equity Lines Of Credit

The Home Equity Line of Credit will be priced at Prime plus ZERO. Currently at 3.250% APR.

Variable Rate. No annual fee. The maximum APR is 15%.

 

Customers are able to only use what they need, and pay interest on just the outstanding balance.

The closing costs (fees) are waived for lines up to $100,000 if line is maintained for three years. Closing costs over the $100,000 will be prorated.

On a 15 Yr. HELOC for $50,000 with an interest rate of 3.250% (3.250% APR) the principal and interest payment would be $351.33. 10 year draw period with interest only payments and 15 year re-payment of 1/180th of the principal balance plus interest.

 

Call Eric Morgan or Tony Merrow at 315-638-0233 to learn more. Or contact us via email through the form below:

 

*APR=Annual Percentage Rates The closing costs (fees) are waived for lines up to $100,000 if line is maintained for three years. The closing costs (fees) may vary from $250-$1,250. Interest may be tax deductible, consult your tax advisor. Offer subject to change without notice. Up to 80% loan to value for qualifying customers. Minimum line amount $10,000. All loans subject to credit approval.

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