Rebrand – answers to frequently asked questions

TRADITIONAL HOME EQUITY LOANS

APPLY FOR A LOAN

Homeowners can leverage the equity they’ve built in their property to achieve their goals, whether it’s renovating their home, consolidating debt, or funding a major expense. With low rates, flexible terms, and a commitment to exceptional service, Rize Credit Union empowers homeowners to unlock the full potential of their home’s equity, helping them realize their dreams while building a stronger financial future.

Apply for a Loan
Speak to a Loan Consultant

What’s a home equity loan and how does it work?

A home equity loan, also known as a second mortgage, since it’s secured by the property, enables homeowners to borrow money by leveraging the equity in their home. The loan amount is dispersed in one lump sum and paid back in monthly installments. Both the interest rate and monthly payments are fixed, ensuring a predictable repayment schedule.

Loan features

  • Fixed-rate loans from $25,000 to $500,0001
  • Owner occupied LTV up to 80%
  • Non-owner occupied LTV up to 70%
  • 20-year repayment period
  • No prepayment period
  • Loan rates

1Estimated monthly payment based on a $25,000 loan for 10 years at 9.25% APR is $320.18 and subject to change. APR = Annual Percentage Rate. Processing fees can range from $487 to $1,337 for California and $312 to $1,192 for Nevada, paid by the borrower. Additional fees may apply subject to type and evaluation of property, ownership and lien status. Manufactured and mobile homes are not eligible.

previous arrow
Auto Insurance

Auto Insurance

PROTECTION YOU NEED

MORE INFO
Home Insurance

Home Insurance

COVER MORE THAN JUST THE STRUCTURE

MORE INFO
Renters Insurance

Renters Insurance

PERSONAL PROPERTY COVERAGE

MORE INFO
Business Insurance

Business Insurance

ENSURE YOUR COMPANY IS COVERED

MORE INFO
Life Insurance

Life Insurance

PROPER PLANNING FOR YOUR FAMILY

MORE INFO
next arrow

Trending Topics