Let your equity do the work

Ready to get started on a remodel? Or, maybe you want to consolidate some bills. You may be surprised by how much equity your home has accrued over a short time. Sound can help you turn your home into a resource that works for you. We have three fixed rate equity loan solutions that may be right for you:

30/7 Home Equity:

Fixed rates
7 year term* -after 7 years simply rewrite
the loan with Sound or pay it off in full.
Borrow up to 90% of your home's equity
No upfront fees
Lowest monthly payments amortized over 30 years

Example Payments
Amount Used	Monthly Payment
$20,000	$129
$40,000	$258
$60,000	$387

5, 10 and 15 year Home Equity:

Fixed rates
Flexible terms gives members the choice for how to repay the loan. We offer loan repayment options that will give the member 5 years or up to 15 years to repay
Borrow up to 90% of your home's equity
No upfront fees

We also have variable rate Home Equity Lines of Credit available.
Borrow from your home's equity** and turn it into that new kitchen, that family vacation, or anything else you've been dreaming about. One of the best parts is that your interest costs are usually tax-deductible.***

Ready? Applying is easy. Choose the option that works best for you.

Apply online
Call (253) 383-2106 or (800) 562-8130
Visit your local branch

Soon your home will be working for you!

Home Equity	Term	APR^♦ Range
*Fixed Home Equity*
Up to 80% LTV	Maximum 5 Years	5.99% - 7.74%
Up to 80% LTV	Maximum 10 Years	6.49% - 8.24%
Up to 80% LTV	Maximum 15 Years	6.99% - 8.74%
80% - 90% LTV	Maximum 5 Years	7.24% - 7.99%
80% - 90% LTV	Maximum 10 Years	7.74% - 8.49%
80% - 90% LTV	Maximum 15 Years	8.24% - 8.99%
*30/7 Home Equity Loan*
Up to 80% LTV	Max. 7 years, (payments amortized over 30 years)	6.69% - 8.44%
80% - 90% LTV	Max. 7 years, (payments amortized over 30 years)	7.94% - 8.69%
Even though payments are amortized over 30 years the loan's term is 7 years. After 7 years you can simply rewrite the loan with Sound (or another lending institution) or pay the loan off in full.

* This loan has a balloon payment feature, and the minimum monthly payments will not pay the loan in full by the maturity date. At the maturity date, a member will have to pay the entire outstanding balance from their own resources, or by taking a loan with either Sound Credit Union or another lending institution. Homeowners insurance required. A $295 early closure fee is applied when the loan is closed within the first 36 months. Subject to credit approval. Your rate and credit limit will be determined based on individual credit worthiness including income, debt ratio, employment and equity in your home. Must be a Sound Credit Union member to participate. Membership at Sound Credit Union requires a savings account with a minimum balance of $25. Equity in your home is based on 90% of tax assessed value or 90% of appraised value. Example payments based upon a 6.69% Annual Percentage Rate. Rates subject to change without notice.

**Up to 90% of appraised value.
***Consult your tax advisor.