A Home Equity Loan from Corporate America Family Credit Union can empower your financial success with a unique low-rate borrowing opportunity. Equity is the difference between your home's market value and your home mortgage. As you pay off your mortgage, you create equity in your home. A Home Equity Loan lets you borrow against that equity, which gives you access to lower rates than other types of loans.
What could I use a Home Equity Loan for?
Common uses for a Home Equity Loan include large expenses such as:
- Financing home repair or renovation
- Paying off high-interest credit card or other debt
- Helping pay college expenses
Types of Loans
We offer multiple Home Equity loan options to suit your needs:
Fixed-Rate Home Equity Loan*
With a Fixed-Rate Home Equity Loan, you can borrow a fixed amount of money that is repaid over a set period of time.
This type of loan offers several advantages including:
- Competitive rates for the life of your loan
- Quick closing
- No application fees or annual fees
- Flexible terms to better fit your financial situation
- Optional automatic Payroll Allocation for easy repayment
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Enjoy a discounted rate when you apply for a Fixed-Rate Home Equity Loan thanks to our Member Loyalty Program. As our relationship grows, so do the money-saving opportunities.
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Home Equity Line of Credit*
Our Home Equity Lines of Credit give you access to cash you need, when you need it. Once credit is approved, you can draw on it for up to 10 years. You borrow as much as you need, when you need it, and make payments only on the amount you've used.
A Home Equity Line of Credit offers:
- Variable interest rate
- Flexible terms to better fit your financial situation
- Easy access to your account 24/7 with Online Account Access
- Quick closing
- No application fees or annual fees
- Free line of credit checks for convenient access to funds
- Optional Overdraft Protection from your Checking Account
- Repay the loan with ease directly from your paycheck through optional Payroll Allocation
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Help safeguard your finances with Payment Advantage!
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Have questions about your home equity options? Our Real Estate department can help you take advantage of your home equity today. Contact us at 1-800-359-1939, option 2, to have your questions answered.
*If loan is closed within 3 years, a Third Party Reimbursement Fee will be charged. Contact a Real Estate Loan Officer for an estimated amount at 1-800-359-1939, option 2. Members are required to pay any state, county or local taxes associated with the loan. Requirements and restrictions may vary by state. Consult a tax advisor regarding the deductibility of interest. Contact our Real Estate department for details regarding your state at 1-800-359-1939, option 2.
