HOME EQUITY

What is a home equity loan?
A home equity loan is a loan with the home as collateral, usually secondary to a first mortgage. Click here for additional information about our Home Equity...
Tue, Jul 28, 2020 at 5:34 PM
If I already have a Home Equity Line of Credit (HELOC), how do I increase the amount available for me to use?
You will need to submit another application to see if you would qualify for the additional funds.  You may apply online at or call 321.690.2328 or 1.800.690...
Wed, Nov 6, 2019 at 11:57 PM
What is a open end home equity credit agreement?
In open-end home equity lending, the credit agreement including the addendum, will act as the legal obligation between Community Credit Union and the borrow...
Wed, Nov 6, 2019 at 11:58 PM
What is an open end loan draw period for a home equity loan?
An Open End Loan Draw period is a set period of time in which the borrower may obtain advances on their open-end home equity plan. Creditors are required to...
Wed, Nov 6, 2019 at 11:59 PM
What is the difference between a home equity loan and a home equity line of credit?
With a home equity loan, the member has a one-time draw at the time of loan disbursement.  The home equity line of credit may be accessed at any time based...
Thu, Nov 7, 2019 at 12:00 AM