Home Equity Loans Menu
Home Equity Loan Products
- Why a Home Equity Loan* – Learn why home equity loans can be a better value for almost any kind of borrowing for your primary residence.
- Equity LinePLUS* – A revolving line of credit that allows you to use your line for up to two fixed-rate advances. Borrow up to 80% of your primary residence's value minus your first mortgage balance.
- Equity Line 1-2-3* – A Home Equity Line that is as easy as 1-2-3! The rate for the life of the loan will always be 1.23% below prime. If you have significant equity and an outstanding credit history, this is the Equity Line for you!
- Fixed-Rate Home Equity Loan* – A single advance for a one-time purpose. Borrow up to 80% of your primary residence's value minus your first mortgage balance.
*Effective Thursday October 1, 2009 DCU will only process Home Equity applications which will place us in 2nd lien position.
Related Services and Tools
- Current Loan Rates
- Homeowners Insurance from DCU – You can count on us for good service, good value, and expert help in choosing the best homeowners or renters insurance solution for you and your family.
- How Finance Charges are Computed – This page explains how to calculate the interest on your loan.
- StreetWise Guide to Credit and Credit Management – Learn how to get and keep a good credit rating. Learn how to recognize and deal with credit problems.
Home Equity Loan Applications and Disclosures
Download Adobe Acrobat to view .pdf files. Version 6.0 or later required.
- Apply Online – Most members get an answer while still online.
- Are You Already Approved? – Logon to PC Branch from the home page and look for a message on the Account Balances screen. If you are, you can accept your approved loan online.
- "When Your Home Is On the Line: What You Should Know About Home Equity Lines of Credit" – Federal Reserve Brochure (HTML)
- Schedule of Fees and Service Charges (.pdf format)
- Important Terms of Our Home Equity Line of Credit (.pdf format, 4 pages)
- Loan Payment Method Authorization (.pdf format) – Use to have DCU set up electronic loan payments by transfer from your DCU savings or checking account. Note: you can set this up on your own with PC Branch Automatic Transfers.
- Subordination Disclosure Authorization (.pdf format) – Use to request a subordination agreement on a Home Equity Loan.
|
Digital Federal Credit Union
220 Donald Lynch Boulevard PO Box 9130 Marlborough, MA 01752-9130 508.263.6700 • 800.328.8797 |
|
© 2010. Digital Federal Credit Union