Let your home work for you
Whether it’s a remodeling project or unexpected expense, rely on the equity you’ve earned. Our home equity specialists are here to help you choose the loan that’s right for you.
Special offer: We’ll pay your Home Equity closing costs through August 31, 2020!*
|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.
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 serving 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.
*Lender credit for closing costs is one time only per household. All applications must be received by 8/31/2020 to qualify for this offer. $500 credit will be applied at time of closing; member is responsible for remainder of closing costs. All loans are subject to approval. This offer is notredeemable for cash. See Credit Union for full details. NMLS ID# 451639