Access to Cash in Need

With a Home Equity Line of Credit you can have hassle free access to cash when you are in need of it. UFCU can with ease convert the equity in your home into cash. Get pre-approved for your HELOC and you can have access to the equity in your home by simply contacting Yvonne Case or Kathy Allen in UFCU’s Home Equity Loan Department.

You can be utilize your HELOC for any of the purposes, such as Home Improvements, Education, Life Events, Debt Consolidation, paying taxes and incidental expenses. You will have access to the equity in your home when you need it. One of the advantage of HELOC is, you will only be required to make payments on the outstanding balance used as opposed to the entire amount of the loan balance as required on a traditional Home Equity loan.

For Example, if you have a home improvement project that you know will eventually cost $40,000.00 and will take two years to complete, you can make periodic draws against your HELOC and only pay interest on the balance used as opposed to the entire $40,000.00 with a fixed payment. The same can be done for any reason such as College, medical expenses or incidental expenses you know will come up from time to time.