Home Equity Line of Credit

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
Home Equity Line of Credit through Cenla Federal Credit Union