Home Equity Line of Credit
- Introductory APR of 6.75% for six months
- Access up to 85% LTV
- 10-year draw period with interest-only minimum monthly payments
- 15-year repayment period after draw period ends
- Credit line from $15,000 to $325,000
- No closing costs
Download the Shelterline Early Disclosure.
Home Equity Loan
- Access up to 90% LTV with APR as low as 7.698%
- Fixed rate term up to 15 years
- Variable rate term up to 20 years
- No application fee and low closing costs
Mortgage Loan
- No PMI with 85% LTV or less
- In-house and secondary market financing available
- Same rate on jumbo loans over $726,200
Choose the type of mortgage that's best for you:
- Fixed Rate Term – the best option if you want a consistent payment for up to 30 years
- Variable Rate Term – rate can adjust annually with 2% annual cap and 6% lifetime cap
- Balloon Term – provides a fixed rate with a shorter term, but the monthly payment can be based on a longer amortization schedule
Do you want to purchase land for a future build? Please contact us for more information. Land must perk and be located in Tennessee.
Disclosures
Cornerstone Financial Credit Union's Institution NMLS ID is 619380. View our complete NMLS ID Listing for individual Mortgage Loan Originators.
Annual Percentage Rate (APR) may vary. The maximum APR that may be imposed is 18.00%. Interest paid may be eligible for tax deduction. Consult your tax advisor.
Private Mortage Insurance (PMI) is not required on first mortgage when the combined loan-to-value (LTV) is less than or equal to 85%. Combined LTV includes first and second mortgages on a property. Loan-to-value (LTV) is a ratio of the total amount mortgaged against the value of the property.
Residence must be in Tennessee for first and second mortgage loans.