If you already own your home, a home equity line of credit can be a great way to finance a wide variety of major purchases. A home equity line uses the equity in your home for security and we can lend to you at a very competitive rate. If your home's loan to value is 80% or less, you may be eligible for a home equity line of credit-ranging from a minimum of $5,000 to a maximum of $200,000. You can access your line of credit - at your convenience with checks or in person. Use it to buy a car, RV or boat. Pay off bills, take a vacation, remodel the kitchen, whatever you choose.
You’ve heard of a home equity loan, but how about its cousin, the home equity line of credit, or HELOC? It works like a credit card, and can help you make home reno a reality! Check out the following article to learn more about HELOCs.
If you’re looking for funds for home improvement, debt consolidation or a host of other reasons, a HELOC just might be your best choice. Let us show you why!
Doing some home renovations this year and not sure how to finance this expense? Enter the Home Equity Line of Credit (HELOC) from Insight Credit Union!