Home Equity
Your home is more than just the place you live. It’s also one of your biggest financial assets. By tapping into your home’s equity, you can access funds at a lower interest rate than many other types of credit. With a Home Equity Loan or Home Equity Line of Credit (HELOC), you’ll have flexible options to finance what matters most, whether it’s a major renovation, consolidating debt, planning for a vacation, or dealing with unexpected expenses.
At ACCESS Credit Union, our local team will guide you through your choices so you can use your home’s value with confidence and get the support you need.
Which Option is Right for You?
| Home Loan Options | Home Equity Line of Credit (HELOC) |
Home Equity Loan |
| Best for | Ongoing Needs | One-time projects, fixed expenses |
| Rate Type | Variable (after intro period) | Fixed |
| Disbursement | Borrow as needed | Lump sum |
| Payment | Based on amount borrowed | Same each month |
| Funds Replenish | Yes | No |
Learn more about Home Equity Loans
Learn more about HELOCS
At ACCESS Credit Union, our team is here to help you choose the best option for your needs. Speak with an advisor to get started.