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
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Payments as low as interest monthly or percentage of balance.