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.Diana H.
Frequently asked questions
Zing offers free online e-courses that provides information about mortgages and home ownership. Visit our e-course page today.
No, Zing Credit Union uses its own lending criteria for making loan.
You will need to know your Social Security Number, and provide a valid ID. The loan application will require information about your employment and income. Depending on the loan, you may be required to provide additional information.
Yes, you can apply for a loan online from the comfort of your home.
You can borrow up to 85% of the value of the home.
A HELOC works by allowing you to borrow against the equity in your home. Unlike a second mortgage, a HELOC acts similar to a credit card where you can borrow funds as you need them instead of receiving one lump sum of money.
Yes. They may provide you with a list of documents, and then they will give you the contact information to one of our expert mortgage loan officers.
Closing costs are usually between 1.50% to 2.00% of the loan amount.
620 is the minimum credit score to qualify for a home loan. Please note that other factors like income, debt-to-income, loan to value, among others can impact your ability to qualify.
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
This option is great if you are unsure how much you may need at once, or if you are planning multiple on-going projects.*