CENLA FEDERAL CREDIT UNION
Home Equity Line of Credit
Are you planning to make big renovations to your home? Using your hard-earned savings for major expenses doesn’t always make sense – especially with interest rates at all-time low. A better solution for most homeowners is a Home Equity Line of Credit (HELOC) – a smart way to use the equity in your home to get the cash you need. Use the money for remodeling projects, home repairs, a major purchase, emergencies, or to pay off higher-rate debt.
- Borrow up to $350,000 for any personal reason
- First and Second Mortgages
- Low Fixed Rate until you borrow again
- Potential tax benefits
- Low origination fees
- Tax-deductible interest for most homeowners
- Low minimum monthly payments