Home Equity Loans and Lines of Credit

Smart Solutions to Cover Life's Expenses

As any happy homeowner knows -- moving in to a new home is just the start. Home improvement projects such as repairs, renovations, additions, and appliance upgrades go hand-in-hand with owning a home. The good news is our Home Equity Loans, such as the RealSmart Fixed Rate Loan, and Lines of Credit, such as the Prime Advantage Credit Line, can put those home improvements within reach -- and so much more! Did you know...?:

You may borrow against the available equity in your home for many of life's expenses --not only for home improvements such as replacing a roof; buying a new furnace, water heater, or appliances; remodeling your kitchen or bathroom; or installing that pool, spa, or entertainment center you've dreamed of -- but for other expenses such as your children's college education, paying down higher-interest credit card debt, and more.

Choose the option that's right for you:

•  Home Equity Loans: With a home equity loan, you receive your money all at once and then pay it back in stable, fixed monthly payments. The advantage is locking in to a fixed rate so your payments are predictable. Your home serves as the loan collateral, so the interest rate is much lower than what you'd pay with a typical credit card. Use the loan to make your house your dream home -- and to fund other expenses such as college tuition. Learn about the RealSmart Fixed Rate Loan.

• Home Equity Lines of Credit: A home equity line of credit allows you to get the money you need when you need it. It's a revolving line of credit with a variable rate that you tap into and pay back only when you need the funds. NECU offers a credit line at the prime rate plus zero for the life of the loan, with no closing costs. You have 10 years to use the funds and up to 15 years to pay the loan back.* It's funding that's there for your projects or expenses with pay back flexibility built in. Learn about the Prime Advantage Credit Line.

See the chart below for current rates, online applications, and free membership information.

We're here to help you choose the best loan program for your dreams and needs. For complete details on any of our home equity financing options, a Loan Specialist is ready to assist you. Please call us toll-free at 888-436-1847, stop by a branch, or email us at memberservices@necu.org.