Do you have some improvements you want to do to your home?
Or do you have a child going off to college?
Now is the time to look into establishing a line of credit for your home. Many times something comes a long and you need cash fast. Get a Home Equity Loan started and be ready for those times. This is a good way to pay off credit card bills with a lot lower interest rate and most of the time your home interest is deductible on your income taxes. Ask you tax preparer.
A Home Equity Loan is a line of credit that is determined by the amount of equity in your home. More importantly your home is used to secure the loan. Once your credit line has been established, you draw on it as you need it.
- Applicant must be a member in good standing of the credit union.
- Applicant must complete a FNMA form 1003 application in detail.
Application packets with much more information are available in the credit union office. Rates Page.