Home Equity Line Of Credit

Seneca Savings Offers Home Equity Lines Of Credit

The Home Equity Line of Credit will be priced at Prime plus ZERO.

Customers are able to only use what they need, and pay interest only on the outstanding balance.

The closing costs (fees) are waived for lines up to $100,000 if line is maintained for three years.  Closing costs over the $100,000 will be prorated.

Variable Rate. No annual fee.  The maximum APR is 15%.

25 year term with a 10 year draw period with interest only payments. After the first ten years, the draw period will end and the outstanding balance will amortize over a 15 year term.

Example: Principal and Interest payment on $100,000 at 5.000% (5.000%APR) at remaining 15 year term would be $790.79.

If you know what you are looking for and are ready to apply, fill out this Home Equity Line of Credit Application. A Seneca Savings rep will follow up with you to complete the process.

If you need more information, call Eric Morgan, Tony Merrow, or Michelle Franz at 315-638-0233 so a Seneca Savings rep can reach out to you to discuss your needs. If you want to hear about all of our products, join our mailing list below:

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*APR=Annual Percentage Rates The closing costs (fees) are waived for lines up to 100,000 if line is maintained for three years. The closing costs (fees) may vary from $250-1,250. Interest may be tax deductible, consult your tax advisor. Offer subject to change without notice. Up to 90% loan to value for qualifying customers. Minimum line amount $10,000. Variable rate calculated as Prime plus 0%, current APR is 4.750%. Our maximum APR is 15%. All loans subject to credit approval. Please see here for the disclosure.

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Home Equity Line of Credit