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Home Equity Loans and Lines of Credit
The equity you've built in your home is precious and powerful. Cooperative Federal can help you leverage that equity for a variety of borrowing needs, without sacrificing your future security.
Coop Fed offers Home Equity Lines of Credit (HELOCs), which allow you to draw down funds on a revolving basis for up to fifteen years. Monthly payments are based on the amount you owe at a given time, and adjustable interest rates.
We also make closed-end Home Equity Loans. These installment loans have fixed interest rates and flat monthly payments.
You can use a Home Equity Loan or HELOC for practically anything. Popular uses include
- Home Improvement or Repair
- Energy Conservation
- Solar Electric Installation
- Debt Consolidation
- Property Tax Refinance
- College Tuition / Educational Expenses
- Small Business Expenses
- Other Cash Out
Home Equity Loans and HELOCs are secured by a lien on your home. They may have tax benefits; consult your tax advisor for details and guidance.
Contact a Mortgage Specialist
All Credit Union loan programs, rates, terms and conditions are subject to change at any time without notice. Contact us for current rates, terms and conditions.