It works like this: Patelco records a Deed of Trust against your home equal to your unsecured credit limit, which in most cases makes the finance charges tax deductible (consult your tax advisor about your specific situation).

No appraisal is necessary, and no application fees are required. You may qualify for a Courtesy Lien on any of the following unsecured loan types: credit cards, signature loans or lines of credit, unsecured consolidation loans, and education loans. There is a document preparation charge of $125*.

* Commitment Households receive a $30 discount