Home Equity Loans and Lines of Credit

Home Equity Loans and Lines of Credit

The Equity In Your Home Can Get You To Where You Want to Be

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  • Confidence

    Home equity loans and lines of credit can seem complicated. We are here to give you the knowledge you need to make the best choice. Our goal is to help you understand how they work and what the benefits and cons might be. This way, when you make a choice, your confident it is the right one.

  • Care

    We are your neighbor, and we treat you like family. We hustle to get your loan closed fast, and we make sure that you are getting what you want. We are owned by our members. We don’t answer to our shareholders, we answer to those who use our services.

  • Personalized

    There are many ways to use the equity in your home to help you accomplish your goals. Only one way will be best for you and your family. We will help you get a loan or line of credit that fits your budget, and is best for your goals.

Looking To Use the Equity in Your Home, but Feel Overwhelmed by How Complex it Seems?

How does a Home Equity Line of Credit work?

What does CLTV mean?

How much can I afford?

Equity In Your Home Can Give You Great Financial Possibilities. You Deserve to Be Able To Take Advantage.

At United Teletech Financial we know that you want to use the equity your home to finance your dreams. In order to do that, you need a lender that can help you find an option that you understand and works for you. The problem is, home equity loans and lines of credit are complicated, which makes you feel uncertain. We believe everyone should be able to open up the financial possibilities home equity loans and lines of credit offer.

  • home equity loans and lines of credit

    Fixed Home Equity Loans

    Rates as low as 4.25% APR*** + No Closing Costs

    Do you have equity in your home? If so, you have the option to take out a fixed home equity loan using that amount of equity. Through this loan, you can take out a set amount of money and pay it back in fixed monthly payments over a fixed term.

    5, 7 and 10 year terms available.

  • home equity lines of credit

    Home Equity Lines of Credit

    Rates as low as Prime – 0.75% (Currently 5.50% at today’s Prime Rate of 6.25%)

    Have you already set your financial plans into motion? If you’re expecting large expenses or you don’t know how much you’ll need to borrow, a home equity line of credit or HELOC is a perfect option for you. HELOCs give you a line of credit you can draw from (similar to credit cards). Plus, they have a 10-year draw period with a 5-year repayment period.

    For both fixed home equity loans and HELOCs, your mortgage and loan must be less than 85%** of the value of your home. Check out our free calculator to determine your loan amount with your desired payment.

Three Simple Steps

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    Call

    Give us a call at 866-462-5532.

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    Speak

    Speak to one of our home equity specialists. Tell us your goals, and we will find a way to help you get there.

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    Open Up Possibilities

    Once we know what you want to accomplish, and what works with your budget, we will get you approved and closed quickly.

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Disclosures

*We’d Like You To Know: APR=Annual Percentage Rate. Rate of 4.75% APR is variable based on the Wall Street Journal Prime Rate minus 0.75% depending on creditworthiness, and is not to exceed 16%. Prime rate as of 8/16/2022 is 5.50%. Prime rate may change at any time without notice. HELOC may not exceed 90% Combined Loan-To-Value (CLTV). Rates advertised are for up to 80% CLTV. Max Line amount is $350,000. Stated rate includes discount for electronic payment. Minimum initial draw of $25,000 required for introductory rate and to waive closing costs. Offer available to qualified borrowers on 1-4 family primary NJ residences. Offer not valid for refinancing of existing UTF Home Equity Lines less than eight (8) years old. Property insurance is required. For additional information call 866-462-5532. NMLS# 402779

**APR=Annual Percentage Rate. Rates advertised are as low as and depend on creditworthiness. Max Line amount is $350,000. Stated rate includes discount for direct deposit into a United Teletech checking account and electronic payment.  Offer available to qualified borrowers on 1-4 family primary NJ residences. Offer not valid for refinancing of existing UTF Home Equity Lines less than eight (8) years old. Property insurance is required. For additional information call 866-462-5532. NMLS# 402779

***Loans over 80% CLTV may be subject to an increase in APR.

The What Else You Should Know about Home Equity Lines of Credit Disclosure is located on this page.