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Spring Into Action

Spring Into Action3/15/2017

Spring Into Action With A Home Equity Line of Credit (HELOC)

Put your home’s equity to work and get the flexibility you need with a Home Equity Line of Credit (HELOC) from Palisades Credit Union! Whether you want to spruce up your home for spring, plan a vacation or consolidate your debt you can do it on your terms with help from Palisades Credit Union.

What is A Home Equity Line of Credit?

A Home Equity Line of Credit (HELOC) is a revolving form of credit that is similar to a credit card except it uses your home as collateral.

Palisades Credit Union is currently offering Rockland County homeowners a special introductory rate on new HELOC loans! You can even use it for properties in New York, New Jersey, Connecticut, Massachusetts, and Pennsylvania.

Benefits Of A Home Equity Loan

There are many benefits of getting a home equity line of credit through Palisades Credit Union including:

  • Possible tax advantages
  • Pay only for what you use on your line of credit
  • Lower interest rate than using your credit card
  • Your line of credit rebuilds each time you make a payment
  • You have 10 years to draw money as you see fit
  • After the 10 years is up, there is a 15-year repayment term

What Can You Use A Home Equity Line of Credit For?

Palisades Credit Union Home Equity Lines of Credit allow homeowners to use available equity to help finance home improvements, tuition, debt consolidation, vacation or to refinance existing mortgages with higher rates.

Ready To Get Started?

Applying online for a home equity line of credit is fast and easy! Click here to get started today.

View current HELOC loan interest rates in Rockland and Bergen County. 

Find more tips and information by following Palisades Credit Union! Connect with us on Facebook, Twitter, Instagram or LinkedIn.

Compare the differences between a HELOC and a Home Equity Loan. 

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