Homeowners Mortgage Enterprises, Inc.

Share Secured Loans

If you have shares or certificates, why not put them to work for you?. With a Share Secured Loan, you can utilize your existing shares or certificates as collateral in securing any additional funding that you might need. This is a perfect loan option for first time borrowers needing cash and trying to establish credit at the same time.

Click here for current rates.

Certificate Secured Loans - Certificate Secured (Variable Rate) - The Annual Percentage Rate (APR) for advances secured by Share Certificates will be equal to the Dividend Rate being paid on the Share Certificate offered as security (Index Value) plus a Margin of 2.00%. The Share Certificate must be continuously renewed until the advance has been completely repaid. Failure to renew will result in a default under this plan. When the Share Certificate is renewed the APR will change to reflect the new Index Value and Margin. Any increase or decrease in the APR will affect the number of payments you will make under the account. Any increase in the APR will result in more payments of the same amount until what you owe has been repaid. The APR and the Daily Periodic Rate (DPR) will be disclosed on the Receipt, Voucher or Disbursement Receipt provided at the time of the advance.



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Your savings federally insured to at least $100,000 and backed by the full faith and credit of the United States Government - National Credit Union Administration, A U.S. Government Agency
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government - National Credit Union Administration, A U.S. Government Agency
We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.
We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.
America's Credit Unions