Our Home Equity Loan is a fixed-rate, term loan that has a set dollar amount for a one-time advance and a set payment (similar to a car loan). Once the loan is approved, loan funds are disbursed to you in a lump sum for your personal use. The funds received from the Home Equity Loan may be used for any purpose.
Sharonview pays all normal closing costs (in most cases)* Automatic drafting from SFCU accounts available No annual fees or minimum finance charges Closed-end loan available up to 95% of your home equity
Generous repayment period and no pre-payment penalties Interest rate remains the same throughout the life of the loan
Once you have applied for a HomeLine or a Home Equity Loan online, we will need the following information in order to process your loan.
Copy of homeowners insurance policy showing the agents name and telephone numberProof of income (a copy of your two most recent paycheck stubs for all persons applying)Copy of Mortgage, Deed, Deed of Trust, or Title Insurance
*For properties in S.C., up to $100 closing costs apply. For loan amounts above $250,000, additional third party costs may apply. Property insurance is required and flood insurance may be required.
Accepting applications for properties located in all states except Texas.