Home Equity Line of Credit

Home Equity Line of Credit

Home Equity Line of Credit

Home Graphic

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.

HELP Loan

  • 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

How do I apply for a loan with ElecTel?
Online: The fastest, most secure way to apply for a loan is at our website, www.electelccu.org.
Fax: Print the online application, and then fax it to (919) 876-8018.
Phone: Call us at 1-800-849-5600 and a loan officer will take your loan application over the phone during normal business hours.

Interested in a home equity loan? Call our loan officers today for an application or apply online!

Mortgage Loan Originator (MLO) #s
684249 Lindsey Roten
684251 Sheral Williams Graves

* – annual percentage rate

Close

You are now leaving Electel Cooperative Federal Credit Union

Electel Cooperative Federal Credit Union provides links to web sites of other organizations in order to provide visitors with certain information. A link does not constitute an endorsement of content, viewpoint, policies, products or services of that web site. Once you link to another web site not maintained by Electel Cooperative Federal Credit Union, you are subject to the terms and conditions of that web site, including but not limited to its privacy policy.

You will be redirected to

Click the link above to continue or CANCEL