Consumer Loans
Home Equity Loans
Home Equity Loan Rates- Fixed interest rate loan
- Up to 15 year loan terms available, refer to the Home Equity Loan Rates for additional information
- Loan is based on the available equity in your home and other qualifying criteria
- Interest may be tax deductible - consult your tax advisor regarding deductibility of interest
Home Equity Lines of Credit
- Can be used to pay off credit cards, automobile purchases, education expenses or for anything else you need
- 15-year line of credit term
- Adjustable rate, revolving line of credit
- Loan is based on available equity in your home and other qualifying criteria
- Interest may be tax deductible - consult your tax advisor regarding deductibility of interest
Share Loans
- $500 minimum loan amount
- Borrow up to 90% of the certificate balance
- A non-retirement certificate of deposit (CD) is held as collateral
- Your CD continues to earn interest and after the loan is paid in full, you still have your original CD balance on deposit with us
- Share loans are approved at each branch location and settlements can occur within a couple of days
Share Loan Line of Credit
- Establish a credit line up to 90% of the certificate balance
- Simply write a check or complete an Internet Banking transfer to access your LOC
- 10-year line of credit term
- Adjustable rate, the rate is always 2% over your current CD interest rate
- A non-retirement certificate of deposit (CD) is held as collateral
- Your CD continues to earn interest and after the loan is paid in full, you still have your original CD balance on deposit with us
- Share loans are approved at each branch location and settlements can occur within a couple of days
If you would like to receive additional information about these loans or any services offered at First Shore Federal, please write to us at: PO Box 4248, Salisbury MD 21803-4248 or send us an e-mail. Or feel free to visit any of our convenient branch locations.
