Home Equity Line of Credit (HELOC)
Sure you have to mow the lawn and pull the weeds, but home ownership has some serious advantages too. Like having the ability to turn your home's equity into a competitive-rate line of credit.
A HELOC features revolving funds that can be used again and again without having to reapply — perfect for ongoing projects like building a backyard oasis. And we'll work with you to find repayment terms that fit your budget. Apply for your HELOC online today!
- Competitive rates for several ongoing or seasonal needs:
- Education expenses
- Major life events
- Major home improvements
- Debt consolidation
- Emergency reserve
- And much more!
- The existing equity in your home is used as collateral backing
- Accommodating repayment terms that work uniquely for you
- Funds available anytime without reapplying; apply once, then use repeatedly thereafter
- Revolving credit – as principal is repaid, more becomes available for use
- Funds easily available via check or deposit to a specified SWACU checking account
- The interest paid might be tax deductible*
- Set up automatic payments to be deducted from your account monthly
- Quick decision-making and processing
- Attentive, friendly service from start to finish
Visit our Mortgage Web Center to check rates, get a quote, and start the application process!
*Consult a tax advisor.