 Lake Federal Home Equity Loans
Fixed Rate Equity Loans
Home Equity Line of Credit
Auto Loans
Savings Account Loans
You can use the equity in
your home to pay off higher interest credit card charges, make home
improvements, pay educational expenses, travel, purchase an automobile,
make investments, pay wedding expenses, or for any other reason you may
have. Many times the interest rates on home equity loans may be lower
than installment loans and additionally you may experience tax benefits.
Consult your tax advisor regarding the approved tax deductibility of
interest.
You may chose our fixed rate
home equity loan and you’ll know exactly what your principal and
interest payment will be for the entire fixed term of your loan based on
your fixed interest rate.
Check out our rates
Choose Lake Federal’s Home Equity Line of Credit that allows easy access
to your approved credit line. Once your credit line is established, you
can draw on it anytime by simply writing a check. The interest rate for
your credit line is a variable rate based on the “Wall Street Journal”
prime rate and may change monthly. As you repay the amount you owe, your
credit line is again available for future use. A monthly detailed
statement is mailed explaining the monthly payment that is due and all
the loan activity.
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Lake Federal offers many fixed rate auto loans. Our
personal service and competitive rates provide for fast approvals. You
may select our automatic payment system to have your monthly payment
deducted from your Lake Federal Checking Account.
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Lake Federal offers to its existing savings and certificate customers,
the opportunity to borrow up to 90% of their deposit balances and pay a
low interest rate on the borrowed funds. This convenient loan makes it
easy to keep your savings intact and still continue to earn interest on
your savings while paying back your loan.
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