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Home equity loans


Oswego Teachers Employees' Federal Credit Union offers different loan types to make sure you land the house of your dreams. Whether it is a Traditional Home Equity Loan, a Home Equity Line of Credit (HELOC), or a Home Improvement Loan, we've got you covered!


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Traditional home equity loan

This low-cost loan option allows you to borrow against your home's equity to get cash for whatever you need. Traditional Home Equity loans offer flexible terms and low fixed rates.

OTEFCU home equity loan benefits

  • Low fixed rate
  • Consistent monthly payment
  • Various repayment terms available
  • Potential tax savings*
  • No pre-payment penalties
  • Use for one-time expenses like home remodel, debt consolidation or wedding
  • Use your home's equity to pay for that upcoming, major expense

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Home equity line of credit (HELOC)

A Home Equity Line of Credit (HELOC) have variable and fixed rate options set up as a revolving line of credit. You have access to available loan funds based on an established loan limit using your home as collateral. Funds can be used whenever you want, for whatever you want.

OTEFCU home equity line of credit benefits

  • Low fixed or variable rates
  • Low monthly payments
  • Easy access to funds
  • Potential tax savings*
  • No pre-payment penalties
  • Use for recurring expenses like education costs or investments
  • Access the money you need, when you need it

  • Get started


Home improvement loan

OTEFCU has an unsecured low-rate option for Home Improvement loans.

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