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Home Equity Loans/Lines of Credit and Home Improvement Loans
If you own a house, a Home Equity Loan could be just what you need to finance home improvements, an automobile purchase, a dream vacation or nearly any major purchase you desire at an attractive interest rate.
A Home Equity Line of Credit is ideal for recurring expenses, such as college tuition and other education related purchases. A Home Improvement Loan is the perfect choice for financing home improvements for shorter terms.
For information on Slavie Mortgage Loans, select this link.
If you have any questions about any personal lending programs at Slavie, please call our Loan Consultant at 443-265-5561, or send us an e-mail at lending@slavie.com.
Home Equity Loans
Terms of 5, 7, 10, 15 and 30 years available
Loan amounts from $10,000 to $300,000
Borrow up to 89.9% of appraised value less any first or second mortgage balance
Home Equity Line of Credit
Rate is Prime minus .25 for life for loan-to- value up to 80%
Rate is Prime plus .25 for life for loan-to- value greater than 80.01%
Settlement costs reimbursed after first year (certain conditions apply)
Borrow up to 89.9% of appraised value less any first or second mortgage balance
Home Improvement Loans
Fixed-rate loans
Terms of one to three years for loan amounts of $1,000-$4,999
Terms of one to five years for loan amounts of $5,000-$12,000
Please ask a Slavie Federal Mortgage Representative for more details on our home improvement loans.
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