Access the equity in your home when you need it!
A Home Equity Line of credit has a variable rate and the ability to access the money from the same loan more than once.
It works similar to a credit card with your home as collateral. Once you pay down a balance, you can borrow again.
It is perfect for the project where you will need to withdraw money more than once, have different cash flow needs at different times, or do not know the final cost of a project at the time of the loan. Home renovations are a great example of when to use a Home Equity Line of Credit.
Call us at 218-741-5644 for rates and to talk to a home equity specialist.
Virginia Coop Credit Union – NMLS #728371
Donald Rausch – NMLS #747292
Ashley Fish – NMLS #1511355
Consult your tax advisor for tax deductibility.