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Home Equity Line of Credit

Home Equity Line of Credit at cenla federal credit union in Pineville and Alexandria, LA

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 ways 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