Put the equity you built in your home to work by taking out a Home Equity Loan, also known as an equity loan, home equity installment loan, or second mortgage. While both, Home Equity Loans and Home Equity Line of Credit (HELOC), use your equity in your home as collateral, a Home Equity Loan provides a fixed rate loan in one lump sum amount, in contrast to a HELOC offering a revolving line of credit at a variable interest rate.
Receiving a lump sum amount through an equity loan offers you immense versatility. This option is great for large one-time expenses like home improvement projects or college tuition. Home Equity Loans can also be used to consolidate high interest debt. To learn more about ITCU's low-rate Home Equity Loans, apply online anytime or visit us in-person at one of our offices serving the Dallas, Las Vegas and Auburn Hills areas. We are ready to help you start using your home's equity to achieve your goals.
Our Home Equity Loan rates are much lower than unsecured loan options. So rather than reach for a credit card to pay for major expenses, consider using a Home Equity Loan from ITCU.
Your rate will be fixed, so your payments are stable over the term of the loan.
InTouch Credit Union offers fixed rate Home Equity loans in all 50 states. You can choose the term of your loan, from 5, 10 or 15 years. That way, you have the funds you need for a term that fits comfortably in your life.
Loans are limited to 80% of your home’s value in Texas and 90% in all other states, minus existing mortgages.
For more information, contact us.
1 Consult your tax adviser regarding deductibility of interest.
2 Contact a Credit Union representative for information regarding fees.
