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Green Home Equity Loans
Making a few energy-saving home renovations can make a big difference to the environment and can also be a very good investment. Now SMCU members can get a .25% interest rate discount on loans for qualifying home improvements, including:
- Solar panel systems
- Geothermal heating systems
- Radiant floor heating
- Double paned, low energy “E” windows
- Skylights and suntubes
- Solar outdoor lighting
- Xerascaping: landscaping with plants that require little watering.
- Other environmentally-friendly projects not on the list will be considered on a case by case basis.
Visit the Built Green Official Web Site for more information about green building standards and best practices.
SMCU offers a fixed rate home equity loan with terms up to 15 years. SMCU equity loans have limits up to 100% of the equity in your home and your interest payments may be tax deductible (consult your tax advisor for details). SMCU also offers debt protection for your equity loan through EquitySafe . EquitySafe cancels your loan payments, protects your family, and safeguards your credit rating in the event of a death or disability.
Home Equity Payment Examples
Call our Contact Center at 206-398-5500 for more information or to start your loan application.
Did You Know?
You can receive up to $2,000 in federal tax credits for installing photovoltaic (solar electric) and solar hot water systems on your home. Additionally, photovoltaic systems sold in Washington state are exempt from sales tax.
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