Home Equity

Reach Your Goals with Home Equity

TCT offers home equity options with rates that are lower than many other forms of credit. For instance, getting a HELOC instead of using a credit card for a large project or purchase could save you hundreds of dollars in interest.


HELOC's and Home Equity Loans are similar in that you're borrowing against your home's equity. These two types of second mortgages can help you pay for home improvements, education, debt consolidation or to purchase a new or used vehicle.


Fixed Rate Home Equity Loan

A TCT fixed rate home equity loan gives you a one-time advance for a specified amount, resulting in the same payment amount for the life of the loan. A fixed rate home equity loan is ideal for a large, one time purchase or project.


Home Equity Line of Credit

Current HELOC Rates: As low as 2.49% APR1 fixed for the first 3 years

With a TCT Home Equity Line of Credit (HELOC), you establish a revolving line of credit, similar to a credit card, where you have access to a certain amount of fund to borrow and pay back as you need. You only pay interest on the amount you draw, not the total equity available in your credit line. You decide when and how much to borrow by writing a check against the loan. Your loan may even be tax-deductible. Please check with your tax advisor for qualifications.


Which is Better?

Before deciding whether to apply for a HELOC or a home equity loan, consider how much money you need and how you plan to use it. Speak with one of our Member Service Specialist for help deciding which is right for you.


View Home Equity Rates

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Safe Act Information





1Annual Precentage Rate (APR) disclosed is the lowest rate offered for our Premier Plan and is determined by individual creditworthiness. Daily periodic rate = 0.0068%. This is a variable rate program with the initial rate in effect for the first 3 years (36 months); thereafter Prime +0% for the life of the loan with an annual interest rate review on the loan's anniversary date. The rate will be adjusted to the Prime Rate as published in the Wall Street Journal 30 days prior to the interest rate adjustment. Rate cannot decrease or increase more than 2% per year with a lifetime floor rate of 4% APR and a lifetime cap of 15% APR. New York State Mortgage Tax is required to be paid by the borrower. The remaining closing cost paid by TCTFCU on behalf of the borrower. Maximum Cumulative Loan to Value (CLTV) is 80%. Repayment term 20 years. As of January 1, 2017 Prime Rate was 3.75%.  



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