Fixed Rate Second Mortgage
Whether it’s your primary residence, investment property, or second home, it’s yours to leverage for the cash you need to accomplish your goals.
Home renovation. Debt consolidation. Dream vacation.
Whatever your motivation, consider a fixed-rate second mortgage. This lump sum home equity loan lets you lock in an affordable fixed rate for up to 20 years, secured by your home equity.1
- Lock in an affordable fixed rate
- Borrow $10,000 – $150,000
- Choose terms from 5 – 20 years
- Take tax deductions on interest paid2
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Disclosure:
1Second Mortgage Loan: Once established, the APR is fixed for the term of the loan. Stated rates may change at any time. Loan terms are 5, 10, 15, and 20 years. Minimum payment $200. Minimum credit score 680 for Combined Loan to Value (CLTV) over 80%. Credit score adjustments for credit score of 650-699 add 0.25% and credit score below 650 add 0.75%.
For all home equity/second mortgage products, credit lines or loan amounts are available up to $150,000. Property insurance is required. Flood insurance may be required. Borrower is responsible for all closing cost fees. Closing costs are collected prior to funding Fixed Rate Second Mortgages.
Valid for owner-occupied single-family, townhomes, and condominiums up to 90% LTV. Valid for owner-occupied, 2-4 unit and second homes up to 80% LTV. Valid for non-owner-occupied, one-unit and homes and condominiums up to 70% LTV. Available in IL, WI, CA, IN and AZ.
2Consult your tax advisor about the deductibility of interest.
3APR=Annual Percentage Rate. Rates are subject to change at any time.
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