Similar to a second mortgage, a home equity loan allows you to tap the value in your home for any worthwhile purpose. However, since it is a line of credit up to a limit determined by the equity in your home, it has real flexibility. You can open an account and use any amount up to your loan limit when and how you want just by writing checks. Members have used home equity loans to build home additions, pay college tuition, consolidate bills, take vacations and more.
• No application fees
• No closing costs for Lines of Credit over $25,000
• Flexible repayment terms up to 20 years
• Fast approval process
• Home appraisal fee may apply
• Interest may be tax deductible
Check out the latest rates. Apply here.
