With a home equity loan, take advantage of your home’s value to conquer goals that make your heart happy. After all, home is where the heart is (and the equity).
Boost Your Equity
Use your home’s current value to create even more with equity-building opportunities like home renovations, funded by a home equity loan. It’s a cycle that keeps on giving!
Home Equity Loan Benefits:
- Lump sum payment
- Competitive fixed interest rate
- Fixed terms for 3, 5, 7, 10, or 15 years
- Predictable payments for easy budgeting
- Interest may be tax-deductible
- No upfront application fee
- Flat $900 closing cost
*Home equity loans vary by state:
1166 FCU may offer shorter repayment terms at management’s discretion; however, the minimum allowable term for a Home Equity Loan is three (3) years.
For Home Equity Loans with terms less than five (5) years, the interest rate applied will be the rate associated with the five (5) year Home Equity Loan product as outlined in the Credit Union’s current loan rate page.
Apply for a Home Equity Loan
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One Stop Shop for One Lump Sum
Looking for a lump sum payment to fund expenses? Look no further. Draw from your home equity loan to tackle the following and more:
Debt Consolidation
Home Improvements
Emergency Expenses
Education Expenses
Vehicle Purchase
Wedding Expenses
