Home Equity Loan or Line of Credit…
Which is Right for You?

Many homeowners wonder about the benefits and differences between home equity loans and lines of credit. View a chart outlining the differences.

Home Equity Loans and Lines of Credit

Put the equity in your home to work for you when you need money for most any purpose including:

• Home remodeling
• Vehicle purchase
• Bill consolidation
• Education expenses and more!

We have both fixed and variable rate options available. The interest on Home Equity Loans is generally tax deductible – see your tax advisor for details.

• Lower your rate by lowering your loan-to-value ratio
• Finance up to 85% of the appraised value for fixed home equity loans and home equity lines of credit (minus any first mortgage loan balance) on owner-occupied dwellings up to $500,000
• For non-owner-occupied dwellings, finance up to 80%, fixed or line of credit, (minus any first mortgage loan balance) up to $300,000. Find terms and conditions here.
• We offer rate discounts for automatic payments and no prepayment penalties

Rates:

• HELOC
• Fixed Second Mortgages
• Apply Now for an RCU Home Equity Loan or Line of Credit

If you have any questions, please call us at: 1 (800) 479-7928 or visit an RCU branch.

Home Insurance

Your home is a central part of your life. That’s why RCU Insurance Services works with companies that provide reliable homeowners coverage to protect your home and its contents against theft, fire, and other losses. Ask us about this important coverage for your home.