A Home Equity Loan1/Line of Credit can be used for several of life’s needs: home improvements, debt consolidation, unexpected expenses, and much more. With a Carolina Federal Home Equity Loan/Line of Credit, you’ll have access to your loan funds whenever you need them, for whatever you need.
Fixed Rate Home Equity Loan
- 5, 10, 15-year term loan
- Consistent payments
- Payments will be the same amount and on the same day each month
- Fixed-rate
- This loan type is structured for a specific lump sum disbursement
- No Penalty for Early Payoff or Extra Payments
- Fixed Home Equity Loan Rate
Home Equity Line of Credit
- 10-year draw period / 15-year payoff period
- Payments adjust monthly based on usage and rate change
- Quarterly variable rate changes possible
- No Penalty for Early Payoff or Extra Payments
- Potential Line-of-Credit Amount Up To $200,000
- Home Equity Line of Credit Rate
If you wish to receive more information, including a complete description of early disclosures, please email our Loan Department or call 704-435-0186.
1Stick-Built Homes Only. Must be the Primary Residence.