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Community of Healthcare Employees Credit Union offers fixed rate home equity loans for members who wish to use the equity in their home, but currently have a first mortgage. CHECU will finance up to 80% of the appraised value minus outstanding liens/mortgages for up to 15 years. In general, closing costs range from $200 to $550 depending on documents needed. Community of Healthcare Employees Credit Union holds all mortgages in house and per policy does not sell and/or transfer CHECU mortgages to a second party. Due to the many options available, please contact the credit union for complete details.
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