Home Equity Line of Credit

Use the equity in your home to give you the financial freedom you require to make those necessary home renovations, do some well-deserved traveling, pay off high-interest debts, or for whatever lifestyle goals you may have in mind.

Benefits:

  • Saves money - lower interest rate due to security.
  • Peace of mind with life and disability  insurance available.

Features:

  • Security will normally be member's principal residence.
  • Value of line of credit up to 80% of property’s value.
  • Variable rate based on prime.
  • All relative costs, i.e. legal, appraisal, etc. can be added to loan amount.
  • Flexible weekly, biweekly, or monthly repayment schedules
  • Payments as low as interest monthly or percentage of balance.

 

 

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