Home Equity Line of Credit
Use your valuable home equity to make home improvements, pay for college, consolidate bills, or for any other good reason with a home equity loan. You’ll get a low interest rate and access to more money than with an unsecured loan. You may also be able to take advantage of certain tax savings, just ask your tax professional.
- Line of credit up to $100,000
- NO closing costs
- Borrow up to 90% loan to value, less existing liens
- Minimum advance is $250
- Once limit is established, future advances are just a phone call or convenience check away
- There is no prepayment penalty for early payoff
- Interest may be tax deductible (consult with your tax advisor regarding the deductibility of interest)
- During the draw period, you may keep the credit line open even if it has a zero balance
- Excellent choice for members who want ongoing access to funds
Interested in a home equity line of credit? Apply now!
Institution NMLS #414996