10 Year, Fixed Rate 2nd Mortgage

Available for Owner-Occupied California Residences Only

Having options when looking for a second mortgage is important – and no one likes unpleasant surprises when it comes to managing their finances. So we created our 10-year, Fixed Rate 2nd Mortgage for members who prefer knowing what their payment will be every month.

Benefits of our 10 Year Second Mortgage:

• Fixed Rate
• No Points!
• No Pre-Payment Penalties!
• Terms up to 10-Years
• Borrow up to 80% of the appraised value of your home, less the First Mortgage balance (minimum loan amount is $10,000)
• Possible Tax Advantages (consult your tax advisor)

15-Year Fixed or Variable Rate 2nd Mortgage

Available for Owner-Occupied California Residences Only

This affordable home loan allows you to tap into the equity in your home, and is ideal for a variety of consumer needs, including debt consolidation, and more:

• Fixed or Variable rate
• No Points!
• No Prepayment Penalties
• Terms up to 15 years
• Borrow up to 80% of the appraised value of your home, less the First Trust Deed (minimum loan amount is $10,000)
• Possible Tax Advantages (consult your tax advisor)

For complete costs, terms and details, please contact a Parsons Federal Credit Union Loan Officer at 800-765-4527 ext. 385.