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Open an AccountKeep looking ahead, dreaming of the future. With Tampa Bay Federal free checking, you can fully begin to focus on making your dreams come true. |
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Home Equity and Home Equity Lines of Credit
Second Mortgage and HELOC loans.
If you are ready to explore the possibility of using the equity in your home, Tampa Bay Federal has solutions. Sit back, relax and let us guide you through the Home Equity and/or Second Mortgage process!
Call us at 813.247.4414 ext. 7601 OR apply online today!
| HELOC (Home Equity Line of Credit) [-] | Second Mortgage [-] | |
| What are your plans like? | Good question. Hmmmm, at least 7 years. | This is my interim home, probably 5 years. |
| Term of loan | 15 with 10 years to access | 8, 10 or 15 year terms |
| Payments | 1% of outstanding balance | Fixed, monthly |
| Home equity interest rate | Variable | Fixed |
| LTV (Loan To Value) | 85% for single family detached homes, 80% for condos | 85% for single family detached homes, 80% for condos |
| PMI (private mortgage insurance) | N/A | N/A |
| Closing costs | Low | Low |
| Advances | Purchase or refinance | Purchase or refinance |
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