Home Equity Loans

There are many advantages to home ownership — one is the ability to use the equity in your home toward a favorable loan rate. A home equity loan allows you to utilize the value of your home that otherwise wouldn't be available without selling.

To make it even better, the interest may be tax deductible.* So you can finance all kinds of major needs, from home remodeling to debt consolidation, without the strain on your purse strings.

Summary
  • Competitive rates for several short-term or one-time needs:
    • Medical expenses
    • Major life events
    • Home remodel projects
    • Debt consolidation
    • And much more!
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms that work uniquely for you
  • The interest paid might be tax deductible*
  • Local decision-making and processing in Southern Maine
S.A.F.E. Act

Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act)

In order to comply with the National Credit Union Administration's adoption of the S.A.F.E. Act, Ocean Communities Federal Credit Union presents the following mortgage loan originator information for CU staff who are registered with the National Mortgage Licensing System (NMLS):

NMLS ID # / LAST NAME / FIRST NAME / MIDDLE NAME 

518293 HAHN, BETH A

1036931 KELLY, KAREN A

518282 KNOX, DENIS

518283 PICARD, JOCELYN L

884147 RIBECCA, DIANNE MARY

518295 RUMO, MICHAEL J

696530 SAUCIER, CHRISTOPHER M

531679 SICO, RUTH E

In order to provide home buyers and the general public with greater information concerning the companies and professionals in the mortgage industry and in fulfillment of the federal S.A.F.E. Mortgage Licensing Act, the Nationwide Mortgage Licensing System and Registry (NMLS) has launched a website called NMLS Consumer Access. NMLS Consumer Access is a fully searchable website that allows the public to view information concerning Ocean Communities Federal Credit Union's Mortgage Loan Originators registered through NMLS. To visit the Consumer Site, please go to http://www.nmlsconsumeraccess.org/.

Home Equity Loans

Interested? Reach out to us to learn more.

*Consult a tax advisor.