What can you do with a home equity loan?
Just about anything. Pay off credit cards, remodel your house, consolidate debt, finance a college education. Plus, the interest may be tax-deductible*.
With rates as low as 3.25% APR, you could save thousands of dollars over the life of your loan when compared to charging a large amount on your credit card at 10.00% APR.
Linn Area Credit Union also offers repayment terms of up to 15 years. This means reasonable monthly payments – yee haw!
Alas, it’s hard to know if a home equity loan is the route you should take. We’ve provided several calculators below to help you crunch some numbers and make the best decision. One of our lending experts is always willing to help you out, too. Just give us a call.
*consult your tax advisor
How big a line of credit can you receive? Use this calculator to find out! (Fill in the loan to value ratio at 90%.)
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This calculator will help you determine if using your home equity to consolidate your debt is right for you. |
This calculator helps determine your tax savings on loans or credit lines with tax deductible interest payments. |
See what the going rate is for a HELOC with Linn Area Credit Union.
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We all get a free copy of our credit report every year. Click here to get yours.
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Set up payments to come out of your account automatically. Never forget a payment again! |
