You’re smart. You’ve decided to financeyour remodeling project, consolidate yourdebt, or take that dream vacation with aHome Equity Loan, or Line of Credit, fromTorrance Community Credit Union. With ourHome Equity Line of Credit you have theflexibility and the funds to realize yourdreams.

Borrow up to 95% of the value of yourhome - as much as $350,000. With repaymentbased on a 15-year term, your monthlypayments will be tailored to your budget.

Additionally, since your loan is tied to theequity in your home, your interest expensesmay be tax deductible. It is best to consultyour tax or financial advisor regarding thisand other tax related issues.

So go ahead. Dream big! There’s no needto wait any longer with a fast, affordableand flexible Home Equity Loan or Line ofCredit from TCCU.

VISIT OUR WEBSITE

To find out more about our great loan services, please visit our website at:

www.torranceccu.org

Dream Big

SIGNATURES

The undersigned represent(s) and warrant(s) that I/we have the financial ability and intent to repay this loan. Further, there are no undisclosed facts or circumstances concerning my/our finances which would affect my/our ability or intent to repay this loan. I have read and agree to be bound by this Agreement.

X X__________________________________________________________ ___________________ __________________________________________________________ ___________________Applicant Signature Date Spouse/Co-Applicant Signature Date

MORTGAGE

Current First Mortgage Balance $________________________________________________ Monthly Payment $________________________________________________

Second Trust Deed Balance $________________________________________________ Monthly Payment $________________________________________________

Estimated Present Value $________________________________________________ Annual Household Income $________________________________________________

Who do you pay your mortgage to? _________________________________________________ Property type � Single Family � Rental

Type of Mortgage Loan _________________________________________________ � Condo � Multi-unit

THESE QUESTIONS APPLY TO BOTH APPLICANT AND CO-APPLICANT

If a “Yes” answer is given to a question, explain on an attached sheet Applicant OtherYes No Yes No

Are you aware of any past due accounts on your credit report? � � � �

Have you had property foreclosed upon or given title or deed � � � �

in lieu thereof, in the past 7 years?

Are you other than a U.S.Citizen or permanent Resident Alien? � � � �

APPLICANT

Name (Last) (First) (Initial)

Member Number DL# Social Security Number DOB

Home Phone � 1st Contact Cell Phone � 1st Contact Business Phone/Ext. � 1st Contact

Primary Home Address (Street, City, State, Zip)

Length of Residence E-mail address

Complete for Joint Credit, Secured Credit or if you live in a community property state:

� Married � Separated � Unmarried (Single, Divorced, Widowed)

Number of Dependents (Include Self) Ages

EMPLOYMENT AND INCOME INFORMATION

Name and Address of Employer

Employment Start Date Gross Salary Position

$

Other Income Source Self-Employed$ per month � Yes � No

NOTICE: Alimony, child support, or separate maintenance income need not be revealed

if you choose not to have it considered.

NOTICE:Married applicants may apply for a separate account. Check the appropriate box to indicate the type of credit you are applying for.

� Individual Credit: Complete Applicant section. Cover other sections as follows: (1) Information about your spouse if you live in a community propertystate (AZ, CA, ID, LA, NM, NV, TX, WA, WI) or your spouse will use the account; (2) Information about the party making the payments if you are relying on alimony, spousal support or child support or separate/spousal maintenance as a basis for repayment.

� Joint Credit: Provide information about both of you by completing Applicant and Co-Applicant/Spouse sections. Initials ___________ ___________Primary Joint

Amount Requested Payment Method$ � Automatic Payment From Savings � Automatic Payment From CheckingPurpose

TORRANCE COMMUNITY FEDERAL CREDIT UNION APPLICATION FOR FAST EQUITY

If a “Yes” answer is given to a question, explain on an attached sheet Applicant OtherYes No Yes No

Are you a co-maker or guarantor on any loan not listed above? � � � �

To Whom (Name of Creditor) � � � �

Check one � CO-APPLICANT � SPOUSE

Name (Last) (First) (Initial)

Member Number DL# Social Security Number DOB

Home Phone � 1st Contact Cell Phone � 1st Contact Business Phone/Ext. � 1st Contact

Primary Home Address (Street, City, State, Zip)

Length of Residence E-mail address

Complete for Joint Credit, Secured Credit or if you live in a community property state:

� Married � Separated � Unmarried (Single, Divorced, Widowed)

Number of Dependents (Include Self) Ages

EMPLOYMENT AND INCOME INFORMATION

Name and Address of Employer

Employment Start Date Gross Salary Position

$

Other Income Source Self-Employed$ per month � Yes � No

NOTICE: Alimony, child support, or separate maintenance income need not be revealed

if you choose not to have it considered.

Information For Government Monitoring PurposesThe following information is requested by the Federal Government for certain types of loans related to a dwelling in order to monitor the lender’s compliance with the equal opportunity, fair housing, and home mortgage disclosure laws. You are not required to furnish this information, but are encouraged to do so. The law provides that a lender may neither discriminate on the basis of this information, nor on whether you choose to furnish it. However, if you choose not to furnish it, under Federal regulations, this lender is required to note race and sex on the basis of visual observation or surname. If you do not wish to furnish this information, please check the box below.

BORROWER

I do not wish to furnish this informationRace/National Origin: American Indian or Alaskan Native Asian or Pacific Islander Hispanic Black White Other (specify)____________________Gender Male Female

CO-BORROWER

I do not wish to furnish this informationRace/National Origin: American Indian or Alaskan Native Asian or Pacific Islander Hispanic Black White Other (specify)____________________Gender Male Female

TO BE COMPLETED BY INTERVIEWER

This application was taken by:Face-to-Face Interview Telephone Mail

Interviewer’s Name (Print or Type)

Interviewer’s Signature Date

Interviewer’s Phone Number

Name And Address of Interviewer’s Employer

Checklist For HELOCIn order to complete your loan processing, we will need the following:

Completed and signed application

Copy of your current property tax bill

Copy of your current property insurance

Copy of your current pay stubs or previous year’s complete 1040 income tax forms, W-2 or 1099 forms

Copy of your mortgage statement

Copy of your second trust deed if applicable

You may return your application to Torrance Community Credit Union:

By Fax (310) 618-6824

By Mail Torrance Community Credit Union PO Box 4327 Torrance, CA 90510-4327

In Person Torrance Community Credit Union 2377 Crenshaw Blvd., Suite 150 Torrance, CA 90501-3344

Or scan and send by secure email from the website

www.torranceccu.org

Fast EquityHome Equity Application

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