The equity you've built in your home is a powerful tool. Whether you want to invest in sustainable home upgrades, pay for college, or consolidate debt, your home equity can help you reach today’s goals and build a better future.
Home Equity Lines of Credit (HELOCs) allow you to draw down funds on a revolving basis for up to 15 years. Your monthly payments are based on the amount you owe at a given time at adjustable interest rates.
Home Equity Loans are closed-end loans that have fixed interest rates and flat monthly payments.
You can use a Home Equity Loan or HELOC for practically anything. Invest in your home, your community and your future. Popular home equity loan uses include:
Home improvement or repair
Appliances
Energy conservation
Solar electric installation
Debt consolidation
Property tax refinance
College tuition / educational expenses
Small business expenses
Other cash out
Because 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.
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.