- Use your Homeowner Loan for anything you choose:
- Debt Consolidation
- Education
- Major Purchases
- Home Improvements
Maximum loan amount: $50,000
-
Term:
- up to 84 months
- 85 to 180 months
- up to 180 months
- Fixed
- Variable*
-
Fees:
- $40 to Suffolk County Clerk
- $50 to the Nassau County Clerk
- Recording fee required for Uniform Commercial Code (UCC-1) filing
- * Variable Rate will adjust annually on the loan anniversary date
Margin = 3.50%
Index = 1 year Constant Maturity Treasury Bill (1 year CMT)
Rounded up to the nearest 0.25%
