Put your home’s equity to work for you.
Equity is the difference between the appraised value of your home and what you owe on your mortgage. Your home’s equity can be made available to borrow against.
A home equity line of credit is a revolving credit line that allows you to use the equity you have in your home for just about anything. You can consolidate credit card debt, remodel your house, finance a college education, go on a vacation… the list goes on! As you pay back your loan advances, those amounts again become available to borrow! (Suh-weet!)
Here’s what you get with a home equity line of credit:
- Low minimum payments
- Only pay on the funds you use
- No prepayment penalties
- Potential tax advantages*
Once your line of credit is set up, you can access funds through your account via our online banking system, mobile banking, by phone or in person at any branch.
Apply for a home equity line of credit now!
Home Equity Rates
See what the going rate is for a HELOC with Linn Area Credit Union and learn more about rate terms.
Are your monthlies squeezin’ you? Our loan specialists may be able to help you wrangle all your debt into one easy-to-manage loan.
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