At Geddes Federal Savings and Loan, A Home Equity Line of Credit (HELOC) Makes Life Manageable and Affordable
When you're searching for the best HELOC rates near Syracuse, NY, Geddes Federal has the low HELOC rates you're looking for.
Unlike many of the other financial institutions, we offer both a fixed and an adjustable HELOC.
Borrowing up to 90% of your home's value is as easy as writing a check.
In addition, when you get your Home Equity Line of Credit from Geddes Federal, you may qualify for no closing costs.*
Our terms are clear and straightforward: there is a 5 year draw period and 15 years of repayment. Our flexible repayment terms take the stress out of paying back your Home Equity Line of Credit.
What Can a Home Equity Line of Credit Be Used For?
Upon being approved for a Home Equity Line of Credit, you can borrow from the value of your home whenever you need a little more to get by.
Tapping in to a Home Equity Line of Credit is most commonly done to help manage life's big or unexpected expenses. This includes, but is not limited to:
- Home Repairs
- College Tuition
- and more
When life blindsides you with big bills, a Home Equity Line of Credit provides peace of mind.
¹To qualify for no closing costs, customers must maintain the Home Equity Fixed Rate Loan or Home Equity Line of Credit in good standing for two years. Early discharge of the loan for any reason within 24 months of the original note date may require reimbursement of closing costs at the time of cancellation. No closing costs refers to fees typically charged at closing that are being paid for by Geddes Federal. Geddes Federal does not pay for discharge fees, abstract bring down fees or interest due at closing, where applicable.'