What are the steps for a home equity loan?
Step 1 Apply Online, by phone, by mail
to print application , or visit your
Step 2 Provide us with
copies of these documents.
- Homeowners insurance
- Tax assessment
- Balance of first mortgage
- Current title insurance
- We may need verification of your income
Step 3 We will give you required disclosures about your loan request; please sign and return them to us.
Step 4 We will process your loan at the lowest cost possible based on your application and request.
Step 5 We will close your loan at your local branch, or handle it through the mail if a branch is not close to you.
Note: There is a 3 day waiting period from the day you sign until the money is available to you. This is referred to as the Rescission Period or the Right to Cancel period. This timeframe does not count the day you sign. An example would be: loan papers are signed on Monday, loan proceeds are available on the following Friday.