Homeowners — a HELOC can be the key to your financial success!

Owning a home comes with many advantages. For one, you can call yourself King (or Queen) of the Castle, Lady (or Lord) of the Living Room — you get the point. When it comes to your finances, homeownership allows you to tap into the equity you have in your home to access funds for certain projects or expenses you may want to take care of. You access that money through a Home Equity Line of Credit, or HELOC (pronounced HE-lock) for short.

With a HELOC, you’re borrowing against the available equity in your home, using your property as collateral, which makes for really great rates. While we don’t encourage debt, we think having access to a HELOC can be very beneficial if you need to pay off other high-rate debt, make a large purchase, or even take care of some home updates or repairs. Speaking of home updates, if you consider “revamping your kid’s childhood bedroom (after they go off to college, of course) into a super cool man cave with a speakeasy style entrance and beer on tap” as a repair, we wouldn’t be mad at that. Not sure how that would go over with the rest of the fam, though. Good luck!

In typical UMe fashion, we like to sweeten up the deal for our members because we think they (aka U) deserve it. We offer an industry leading 5.99% 12-month introductory rate on our HELOCs. That’s significantly lower than credit card rates, personal loan rates, and student loan rates. We also let you borrow up to $400,000 and give you access to draw money for up to 10 years. Oh, and we don’t charge any application fees or escrow fees — and there’s no closing costs or prepayment penalties, because less fees + low intro rates = happy UMe HELOC members! It’s simple math, friends.

If you’re a homeowner, and you’re interested in a HELOC from your favorite credit union, we’re here for U! Getting started is easy with our HELOC QuickApp. Click here to get started.

If you have any questions, our team is just a phone call away. Give us a call at (818) 238-2900 today!