Unlock your equity with FlexChoice
A FlexChoice HELOC provides the freedom of a line of credit and the stability of a fixed loan. Whether it’s a remodeling project or unexpected expense, rely on the equity you’ve earned.
We’ll pay up to $500 of your closing costs
through December 31, 2023!*
|Home Equity Loan||FlexChoice Home Equity Line of Credit|
Variable or fixed rate
|Closed or open end||Closed||Open|
|Access by check|
Make your biggest investment work harder for you by borrowing money based on your home’s equity. A Home Equity fixed loan provides a lump sum upfront and features a fixed term and a fixed interest rate.
Common uses include home repairs and remodeling, vacations and auto purchases
Acts like a second mortgage
FlexChoice Home Equity Line of Credit lets you utilize the value of your home to provide a line of credit with the flexibility to segment off a portion of your balance into a fixed rate and term when you choose. It’s a smart way to get funds when you need them to pay for travel, emergencies, home improvement projects and more.
As a revolving line of credit, as long as you have credit availability remaining in your FlexChoice Home Equity, you can keep borrowing.
Top Three Reasons to Flex into a Fixed-Rate Segment
- We can find a payment structure that fits your budget
- Your payment will be locked in, regardless of changing interest rates
- You'll still have access to your available FlexChoice Home Equity line
When you're ready to lock in a segment, simply give us a call, and we'll take it from there. We'll help you determine which repayment options make the most sense for your financial needs. There is a low 1% fee to lock in your segment which can be rolled into the loan. It simply covers our cost of servicing your loan, and the savings on your loan will pay you back. The process can be done 100% electronically and by telephone so that you can accept the changes from the safety and comfort of your home.
*$500 lender credit for closing costs is one time only per household. All applications must be received by 12/31/23 to qualify for this offer. All loans are subject to approval. This offer is not redeemable for cash. See Credit Union for full details. NMLS ID# 451639