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Home Equity Line of Credit
Home Equity Line of Credit at cenla federal credit union in Pineville and Alexandria, LA
SPECIAL EXTENDED THROUGH MAY 31, 2022!
- Rate 3.50% (WSJ Prime Rate +0)
- Borrow as little as $10,000
- Repayment term of 120 months/10 years
- With special rate, no additional advances allowed
- CenLA FCU provides $750 credit for closing costs*
- Borrow up to 80% of the equity in your home
Call a CenLA FCU Member Service Representative (MSR) for assistance at 318-445-7388 x151 (Pineville) or x251 (Coliseum).
*Credit is provided only if new loan and closing is required.
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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.
Home Equity Line of Credit
If you think your borrowing needs will vary over time, a Home Equity Line of Credit (HELOC) is a good choice. It’s flexible and can be customized to fit your budget and lifestyle. Simply establish your account today and use the funds as you need them.
- 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