Putting Home Equity to Work for You


HELOC to work for you

 

Put Your Home’s Equity to Work for You!

Taking a vacation, getting new furniture, renovating a room in your house,  or even consolidating debt. A home equity line of credit (HELOC) lets you use your home’s equity to get the things you care about. With a HELOC, you are able to take out a loan against the current value of your home. The loan uses a revolving credit line so you are able to charge and pay the loan back as you go.

For a limited time, we’re offering an introductory 2.75% APR for 24 months!

With a Home Equity Line of Credit from Salem VA Credit Union:

  • Tap into your home’s equity to finance home improvements or college tuition, refinance high interest loans, consolidate credit card debt, manage unexpected expenses and more!

  • Get a revolving line of credit to draw from for 15 years without reapplying.

  • Ability to access funds in your available line of credit when you need them gives you the flexibility and convenience to make purchases on your schedule.

  • Enjoy the convenience of applying online from the comfort of your home.

  • No closing costs for HELOC’s over $50,000

  • Our introductory rate and variable rate help you pay less interest on your loan.

 

Your Home Equity Line of Credit is a great way to:

  • Add a swimming pool

  • Renovate your kitchen

  • Repair or replace your roof

  • Remodel a bathroom

  • Update appliances and much more

 

You can also use your funds to:

  • Refinance high interest loans

  • Manage unexpected expenses

  • Pay for college tuition

  • Consolidate credit card and other debt

  • And more

 

2.75% fixed Annual Percentage Rate (APR) for the first twenty-four months (24). Thereafter, variable APR adjusted quarterly based on the value of index +1. The index is the Prime Rate published in the Wall Street Journal. The rate will never exceed 18%, or the maximum allowed by law. Salem VA Credit Union will pay all fees on all new HELOC’s with a minimum credit line of $50,000. If line of credit is closed within thirty-six (36) months, member  will be required to reimburse the Credit Union for all closing costs paid on their behalf. Salem VA Credit Union, a non profit, member-owned financial institution, does business according to the Federal Fair Housing Laws and the Equal Opportunity Credit Opportunity Act.