Home loans

• Fixed interest rate and monthly payments.
• Best option for one-time large expenses where you know the amount you need to borrow.
• Proceeds are disbursed in a lump sum. Once you receive the lump sum, you cannot borrow further from the loan.

TCU offers 3, 5, 10, or 15-year fixed rate home equity loan options. This is the best choice for you if:

• You want fixed payments for the full term of the loan.
• You want the security of knowing your interest rate will not change over time.
• You think interest rates could rise in the next few years.

TCU also offers a 5/5/5 Adjustable Rate Home Equity Loan. Your interest rate will be fixed in 5-year increments. Your rate will adjust at the 5- and 10-year points of the loan. This is the best choice for you if:

• You want a loan with the low payment flexibility of a longer-term loan combined with a lower interest rate.
• You think interest rates may fall in the future and want to take advantage of a lower rate option.

• Revolving line of credit. Draw the amount you need based on the approved limit.
• Variable interest rate and monthly payments.
• Best option for ongoing projects or smaller expenses where the total amount is unknown.
• As you make payments, your credit revolves and you can reuse the funds in your line again.

TCU offers a 15-year home equity line of credit, where you’ll have access to reusable funds of varying amounts throughout the term of your loan.

Best Choice if:

• You want to make home improvements.
• You need cash for an unexpected financial event.
• You would like to leverage equity in your home for the down payment on the purchase of another property.