P.O. Box 98036, Baton Rouge, LA 70898-9036 888.769.8841 www.campusfederal.org Fax Number: 225.408.4919
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Home Equity

The equity you have in your home can be a powerful tool in managing your overall financial situation. Your equity, the value of your home minus your existing mortgage, can serve as collateral for additional borrowing. While there are some risks with this strategy (as with any borrowing), home equity loans usually offer the attractions of lower rates, convenience and can possibly offer tax benefits.

How does a home equity loan work?
Most financial institutions view home equity as good collateral and are often willing to lend you money against that equity. The amount they will lend you depends on the amount of equity in your home and your other credit characteristics. A general rule of thumb is that financial institutions will lend up to an amount so the total debt against your home (including the first mortgage and any other loans where your home is pledged as collateral) is less than 80% of the current value of your home. Here at Campus Federal, in certain situations we will lend up to 100% of the current value.

Attractions of Home Equity Loans

Convenience — Enjoy the flexibility of a line of credit to draw funds when needed or a fixed payment term loan depending on your needs.
Interest rates — The interest rates charged on home equity loans are usually greater than those on first mortgages but less than those on credit cards. Using the proceeds of a home equity loan to pay off credit card debt will usually save you money. Check out our competitive rates.
Tax benefits — The interest paid on home equity loans may help save on income taxes. While there are some limits on this type of interest deduction, it may save you some tax. Consult with your tax advisor for more details.

Flexible uses

Even though you are borrowing against your house, there is no requirement that the money be used on your house. A home equity loan can be the source of funds for college tuition or even to buy a car.

Beware of the risks

Borrowing against the equity in your home should be considered carefully. Even though there are benefits, these types of loans are like other loans - you pay interest and they must be paid off. Most people use home equity loans for "conservative" purposes and avoid making risky investments or extravagant spending with the proceeds.

Get Started Today
Apply now or, just give one of our representatives a call to get started. They're here to help make your lending experience an enjoyable one. Call 888.769.8841 today.

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APY* Min.
Share 0.15% 200.00 Enroll
Lagniappe Checking*** 1.95% 0.01 Enroll
Certificate - 12 months** 0.95% 1,000.00 Enroll
IRA Certificate - 13 Months** 0.75% 1,000.00 Enroll
Rates are subject to change without notice. Current as of
*Annual Percentage Yield (APY)
**Minimum Opening Deposit of $1000 and penalty for early withdrawal
***Variable rate if requirements not met each month
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Fees could reduce the earnings on the account.
Signature - $3,000 10.00% Apply
New Auto - 60 Months 3.13% Apply
Used Auto - 48 Months 2.95% Apply
Used Boat - 60 Months 5.14% Apply
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Rates are subject to change without notice. Current as of
*Annual Percentage Rate (APR).
All rates are based on an evaluation of credit history, so your rate may differ.
New car loan of $20,000 for 4 years at 4.49% APR will have a monthly payment of $457.
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Campus Prestige 7.75% Apply
Campus Rewards 10.75% Apply
Business 4.25%** Apply
Rates are subject to change without notice. Current as of
*Annual Percentage Rate (APR) is variable based on WSJP.
** Promotional rate - after 6 months - APR is 5.99% + WSJP.
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