Home Equity Lines
Let Your Home Work For You!
There is more than one way to put your home's equity to work for you. With low interest rates, and interest charges that may be tax-deductible*, drawing on the equity in your home may be one of the smartest ways to get the money you need. So whether you're remodeling, paying down high-interest debt, or making a large purchase, a home equity line from BCCU will meet your needs!
Home Equity Line-of-Credit
A home equity line-of-credit from BCCU provides access to a revolving line of credit whenever you need it simply by writing a check! You can access your line for up to 10 years and pay interest only on the amount you've used. If you don't use the line, you don't have any payments to make, and as you pay down the line, your payments will also adjust. You may borrow up to 80% of the value of your home, minus any balance on the existing mortgage(s). A BCCU equity line has no annual fees, and no closing costsExpenses incidental to the purchase, sale, and financing of real estate, including, but not limited to title fees and appraisal fees.**. Apply now!
* Finance charges may be deductible from your taxable income, but please consult your tax advisor for details.
**Loans without a first mortgage will require title insurance and partial legal fees paid by member.
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