Home Equity Loan vs. Home Equity Line of Credit (LOC)
SCU offers 2 different Home equity products:
The first is the Home Equity Loan, This loan is ideal for when you know the exact amount you'll need to borrow. You can lock in a rate that's fixed for the life of the loan.
The second is the Home Equity Line of Credit, This is a variable rate, line of credit is the perfect loan for borrowing what you need when you need it. For example, home remodeling projects or college tuition.
Seacoast Credit Union offers an array of consumer loan products designed to meet our member’s needs. We have loans for Recreational Vehicles and Motorcycles. We also offer Personal Loans and Seacoast Credit Union offers our members a low, fixed rate MasterCard. (with no annual fee)