Home Equity Disclosure
When applying for a Home Equity loan you must retain a copy of the preliminary disclosure to understand your rights and our policies.

• Due to rates being subject to change the application must be submitted prior to the rates change to obtain the rate before the change.
• No fees unless appraisal is needed ($300.00).
• Minimum loan amount $5000.00
• Maximum loan amount$50,000.00
• You as a member should consult a tax advisor, if you need any information on the deductibility of interest and charges on our Home Equity Plan.
• The maximum term of payments may not exceed 144 payments.
• If the last payment is more than the last scheduled payment this will result to a balloon payment to pay the loan off as scheduled
• Shoreline Federal Credit Union will receive a security interest in borrowers dwelling.
• Retain preliminary disclosures before applying
• Fees may be refunded if rates change and process isn't completed.