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Great rates on home equity options in California.

Your big plans require financing options that are flexible enough to meet your specific needs and budget. Our Pasadena Home Equity Loan and Line of Credit are structured to benefit you by maximizing the value you’ve built up in your home over the years.

Use your home equity to start a remodeling project at home, consolidate debt, pay for education expenses or anything else. We’ll help you figure out if it’s better to receive your funds in a lump sum using a Home Equity Loan, or access money as a revolving line of credit with a HELOC.

Home Equity Loan

Borrow against your home's value and receive a lump sum.

  • Fixed APR*
  • Flexible terms, up to 15 years
  • Interest may be tax-deductible (consult your tax advisor)

Home Equity Line of Credit (HELOC)

Leverage the equity you've built up through hard work.

  • Introductory Rate of 3.25%APR* for three months 
  • Interest-only payments during the draw period
  • Flexible payment options
  • Adjustable APR* based on Prime
  • No-fee or low-fee options**
  • 5-year draw/15-year repayment period
  • Earn relationship rate discounts
  • Interest may be tax-deductible (consult your tax advisor)

Home Equity Conversion Mortgage

Home Equity Conversion Mortgages are designed to give you access funds from one of your biggest investments - your home. Also known as a a reverse mortgage, a Home Equity Conversion Mortgage allows you to borrow based on the equity of your home.

  • Qualifying Guidelines: Must be at least 62 years old. Must own your home and it be your primary residence
  • Monthly payment not required (Still required to pay property taxes, homeowners insurance, and home maintenance costs)
  • Establish a line of credit that can grow in value over time.
  • Flexible pay out options
  • No pre-payment penalties
  • Insured by the Federal Housing Administration (FHA)

To learn more about Home Equity Conversion Mortgages, visit this expanded information page. 

E-Central Credit Union offers home equity loans and HELOCs to Southern California members throughout Los Angeles County including Pasadena, South Pasadena, Alhambra, San Marino, Arcadia, Sierra Madre, Altadena, Temple City, Monrovia and offers home loans nationwide.

To learn more about our home equity options or to apply for a home equity loan or line of credit, contact us or visit our Pasadena branch today.

*APR = Annual Percentage Rate. All loan rates, terms, and conditions are subject to change. The introductory interest rate for the HELOC will be fixed at 3.25% during the three month introductory period. Introductory rate period is only available for primary residence and for applications received by July 31, 2017. After the three month introductory period: based on approved credit the Home Equity Line of Credit rate is variable monthly and is based on prime plus a margin of 1.00% minus relationship reward discounts. Discounts include 0.25% discount if first D/T filing; 0.25% discount if average share balance exceeds $25,000; 0.25% discount if set up on automatic payment, and 0.25% discount if CLTV is below 50%. Minimum Floor Rate: 3.25%. Maximum Ceiling Rate: 18.00%. Interest only minimum payment during the draw period. Upon term-out, monthly payment will be principal and interest monthly based on 15 years amortization schedule. **For loans under $250,000, borrower will reimburse all third party fees if the line is closed within the three year period from its origination. Loans over $250,000, Borrower will pay all third party fees including title policy, flood and tax service, appraiser fee, and recoding fees.

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