Get the funds you need for life's adventures with a Second Mortgage
Getting a home equity loan can be a big decision. Fortunately, our home loan team has decades of experience and they're here for one reason: to help you. They'll answer your questions and help you make the best decisions.
Second Mortgage benefits
Need a lump sum of money to pay for anything life might throw your way? A second mortgage can give you plenty of funding to take on just about any expense you’re facing. With flexible terms and competitive rates, there’s an option to fit just about any budget or goal.
Flexible terms and fixed rates
With terms ranging from 15 to 30 years, you can pick the option that best suits your budget and financial goals. Nobody likes surprises, especially when it comes to money. Enjoy fixed rates on your second mortgage, so you know the exact payment to expect month after month.
No pre-payment penalties
Don’t get penalized for good behavior. With a Second Mortgage from Zing Credit Union, you’re free to make early payments and skip extra interest down the road without worrying about pesky pre-payment penalties.
Money to make things happen
There’s no limit to what you can do with your money. Use your newfound cash for home improvements, education costs, or anything else that life might throw your way.
I love my credit union. Wouldn't bank anywhere else. I've had car loans, a second mortgage, an equity loan, do bill pay, and have all my accounts with Zing. Most of my transactions are drive thru and everyone is always so polite and happy.
Our experts will answer your questions and help you get the best home equity loan
Getting a home equity loan can be a big decision. Fortunately, our home loan team has decades of experience and they’re here for one reason: to help you. They’ll answer your questions and help you make the best decisions.
Other Home Equity Solutions
Affordable Second Mortgage Rates & Terms Disclosures
All loans are subject to credit and collateral approval, as well as income and employment verification.
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TRUTH IN SAVINGS DISCLOSURE
Except as specifically described, the following disclosures apply to all the accounts.
- Rate Information. The dividend rate, or interest rate, and annual percentage yield on your accounts are set forth on the reverse side. The annual percentage yield is a percentage rate that reflects the total amount of dividends/interest to be paid on an account based on the dividend/interest rate and frequency of compounding for an annual period. For Certificates of Deposit and IRA Certificates of Deposit, the interest rate and annual percentage yield are fixed and will be in effect for the term of the account. The annual percentage yield is based on an assumption that interest will remain on deposit until maturity. A withdrawal will reduce earnings.
- Nature of Dividends. Dividends are paid from current income and available earnings after providing for the required reserves. The dividend rates and annual percentage yields are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period.
- Compounding and Crediting. Interest and dividends will be compounded and credited as set forth on the reverse side. The dividend/interest period for each account is also set forth on our Rate and Fee Schedule. The dividend/interest period begins on the first calendar day of the period and ends on the last calendar day of the period.
- Balance Information. The minimum balance required to open each account is set forth. Interest is calculated by the daily balance method which applies a daily periodic rate to the principal in the account each day.
- Accrual of Dividends. Dividends will begin to accrue on cash deposits on the business day you make the deposit to your account. Dividends will begin to accrue on noncash deposits (checks) on the business day you make the deposit to your account. If you close your account before accrued dividends are credited, accrued dividends will not be paid.
- Account Limitations. The account limitations for each account are set forth in our Membership and Account Agreement
- Your account will mature on the maturity date set forth on your account receipt or renewal notice.
- Early Withdrawal Penalties. A penalty may be imposed if you withdraw any of the certificate funds before the maturity date or the renewal date, if this is a renewal account.
- Amount of Penalty. For Certificates of Deposit and IRA Certificates of Deposit the amount of the early withdrawal penalty for your account is 90 days’ interest for a term of 12 months or less, and 180 days’ interest for a term over 12 months.
- How the Penalty Works. The penalty is calculated as a forfeiture of part or all of the interest that have been earned on the account. This penalty applies to earned interest and principal.
- Renewal Policy. Certificate of Deposit accounts will automatically renew for another term upon maturity. You have a grace period of seven days in which to change or withdraw the funds without being charged an early withdrawal penalty.
- Exception to Early Withdrawal Penalties. At our option, we may redeem the account before maturity without imposing an early withdrawal penalty under the following circumstances:
- When an account owner dies
- or is determined legally incompetent by a court
- or other body of competent jurisdiction.
- Nontransferable / Nonnegotiable. Your account is nontransferable and nonnegotiable. The funds in your account may not be pledged to secure any obligation of an owner except obligations with the Credit Union.
- FEES FOR OVERDRAWN ACCOUNTS. Fees may be imposed on each check, draft item, ATM card withdrawal, debit card withdrawal, debit card point of purchase, preauthorized automatic debit, telephone initiated withdrawal or any other electronic withdrawal or transfer transaction that is drawn on an insufficient available account balance. The entire balance in your account may not be available for withdrawal, transfer or payment of a check, draft or item. You may consult the Funds Availability Policy for information regarding the availability of funds in your account. Fees for overdrawing your account may be imposed for each overdraft, item or transaction. If we have approved an overdraft protection limit for your account, such fees may reduce your approval limit. Please refer to the Rate and Fee Schedule for current fee information.
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