Contact us for all available mortgage loan products and rates!
| 5/1 Conforming ARM | 7/1 Jumbo ARM | 30 Year Fixed Jumbo |
|---|---|---|
| 4.281% APR | 4.327% APR | 3.814% APR |
| 3.250% Rate | 3.500% Rate | 3.750% Rate |
| DISCLOSURE | DISCLOSURE | DISCLOSURE |
| Apply Now | Apply Now | Apply Now |
Home equity loans, also known as second mortgages or second deeds of trust loans, are used to describe loans in addition to a first mortgage. They are based on the current value of your home versus your existing mortgage balance. You may borrow up to 80% of your equity.
For example:
Home is valued at $700,000
Mortgage balance is $500,000
Equity is $60,000
You could apply to borrow up to $60,000, which is 80% of the combined loan-to-value in the example above. What’s more, your interest may be tax deductible (please check with your tax advisor).
At Stanford FCU, you can cash in on your equity to pay for any number of expenses — remodel your kitchen or bathroom, pay for college, consolidate other debt, or even start your own business! And since we’re not-for-profit, you’ll have no points, no annual fees and no prepayment penalty. Stanford FCU’s home equity loans get you the money you need to live your life without the extra fees or high-interest rates you’ll find at banks.
| Understanding Home Loans |
|---|
|
|
Stanford FCU offers two types of Home Equity Loans:
Our in-house home equity lending specialist is among the best in the industry! Whatever your situation, chances are we’ve helped someone with a very similar situation before. We are also unique in our ability to serve members’ needs. We’re large enough to provide expertise and a wide variety of loan programs, yet small enough to offer personalized service and cater to the most unique situations.
 |
Katherine Selga NMLS #719350 650.842.6132 katherines@sfcu.org Apply Now |
 |
Denise Butler NMLS #723524 650.842.6032 denise@sfcu.org Apply Now |
Learn the ins and outs of mortgage loans, whether you’re a first-time homebuyer or considering a refinance.
