Use a HELOC to access the equity in your home
Whenever you have big projects in mind or large expenses on the horizon, consider using the equity in your home to pay for them. In most cases, the longer you own your home, the more value it builds. And as you're paying down your mortgage, the difference between the two is your equity.
With a Home Equity Line of Credit from Credit Union ONE, you can borrow up to 80% of your home value at a competitive rate, between $10,000 and $150,000. You'll pay interest only on the amount you use, and you can access your money through online transfers or by writing a check. There's no end to the ways you can use a HELOC, including home renovations, paying college tuition or wedding expenses, and consolidating debt from higher-interest credit cards.
If you want to be paid back for the time and energy you've invested in your home, consider how a HELOC's convenient financing could fit your life.
When you're ready to apply for a Credit Union ONE HELOC, you can do so online.