eq-ui-ty (ek'wi-tee) The residual value of a property beyond any mortgage thereon and liability therein .
Your house could have you covered for the good things in life. You've put time and money into making your house a home, and those payments you've made have increased the equity. Now it's time to let your home give something back. Your home's equity can unlock the doors to:
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Make improvements on the house
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Take a family vacation
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Upgrade to a new family car
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Consolidate high-interest debt
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Pay for tuition
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Buy a new computer
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You name it -- your home can make it yours!
Favorable rates and terms
Choose from a fixed rate loan or a variable rate line of credit. You can borrow as much as $100,000 --- up to 100% of your home's value. And you can choose a repayment term that fits your needs --- including our special interest-only repayment option that lets you make low monthly payments and pay down the principal balance at your own pace. For our current low credit union equity rates, just click
here.
Tax advantages
When you choose a Home Equity loan, it's much like a mortgage. That means you may be able to deduct the interest you pay from your taxes.* That's something credit cards just can't offer.
So open the door and let the benefits in. Talk to our loan staff, or apply now using our online loan application .
*Consult a tax advisor regarding deductibility of interest.
