Let Your Home Work For You!
As a homeowner, you’ve probably got a long list of projects and plans you’d like to complete. You may also want to consolidate debt, pay recurring tuition bills, or even plan a big event like a wedding or an anniversary celebration to remember. At Bellwether we can help you check those items off your list! A home equity line of credit from BCCU provides access to the equity you’ve built up in your home, whenever you need it, simply by writing a check! The line will be available to draw from for up to 10 years, the interest only payment option keeps payments lower in that 10 year period. Plus, you’ll 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 adjust and the funds are available to use again. It’s a pretty convenient way to gain access to the money you’ve already paid into your home, letting your home work for you.
Benefits of using home equity
- Low interest rate, interest only payment and interest paid may be tax-deductible*
- Borrow up to 100% of the value of the home (minus any existing mortgage balances)**
Apply for your Bellwether Home Equity Line of Credit today
Check out our rates and use our Loan Calculators
Home Equity Lines Effective Date: Thursday, February 11th, 2016 Account Type % Financed Annual Percentage Rate (APR) As Low As Application Home Equity Line
Up to 85%
As low as Prime - 1/4% (Variable)
Home Equity Plus Line of Credit
Up to 100%
As low as Prime + 2.00% (Variable)
* Finance charges may be deductible from your taxable income. Please consult your tax adviser for details.
**For well-qualified borrowers.