We all have them. Those home improvement lists that are a mile long and only seem to get longer.
Cross them off your list one at a time with a home equity line of credit from ElecTel.
When you get a HELOC from ElecTel, you get:
- 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
With a HELOC, you can make the improvements you’ve been putting off. Plus you could be entered into a drawing to win $250 gift card or a Char-Broil® Grill.*
Apply for your HELOC today and make the Joneses want to keep up with you!
*Not all members may qualify. Drawing for both prizes to be held on or around 07.31.20. Members who have opened a HELOC and disbursed a minimum of $10,000 are automatically entered to win. See credit union for details. Federally insured by NCUA. Equal Housing Lender. NMLS #414996.