Platinum Home Equity Loan

Introducing our Platinum Home Equity Loan

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Rates As Low As
3.49% APR*
Up to 10 Years


With a Platinum Home Equity Loan, you lock in your rate for the life of the loan and your monthly payments are fixed for easy budgeting and planning. Use a Platinum Home Equity Loan to help pay for a variety of life events such as:

  • Home Renovations
  • College Tuition
  • Wedding
  • Dream Vacation

The possibilities are endless. Get what you’re looking for with affordable financing from Southern Mass Credit Union.

 

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*APR is annual percentage rate. Rate indicated reflects a credit score of 680 or greater and a 0.25% rate discount with automatic payment from a Southern Mass Credit Union checking account. Minimum loan amount $25,000; maximum loan amount $500,000. Maximum loan amount not to exceed 80% of property value on an owner occupied 1-4 family primary residence. For 10 years fixed at 3.49%, 120 monthly payments of $9.88 per $1,000 borrowed. Purchase transaction requires an SMCU first lien. Payment does not include taxes and insurance premiums therefore payment obligation will be greater. Borrower responsible for real estate taxes and property insurance. APR indicated requires automatic payment from a Southern Mass Credit Union checking account. Please see a member service representatives for rates without automatic payment. The following fees apply: Application fee: $0.00; Points 0.00%. Third party fees may apply: Power of Attorney, Revocable Trust Agreement or other legal documents will be required to be reviewed by the Credit Union’s Attorney and recorded as part of the closing. You will pay all fees related to this review and recording. These fees generally total between $0.00 and $500.00. If the loan amount is greater than $250,000 and in first position, the Borrower will be required to pay for Title Insurance Policy, Municipal Lien Certificate, and Survey Deletion Letter. Other terms and conditions and restrictions apply. Subject to credit approval. Offer subject to change without notice. Rates are accurate as of 09/01/2019.