New Hampshire Home Equity Line Of Credit
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Bellwether Community Credit Union is proud to offer our New Hampshire community Home Equity Line of Credit (HELOC) options designed tp suit their needs. Our team of skilled loan professionals will work with you to determine the best solution for your financial needs. With competitive rates, knowledgeable loan staff, and a commitment to high-quality service, we're your premier HELOC lender in the New Hampshire area.
CHECK OUT OUR HELOC RATES
Bellwether offers competitve rates for New Hampshire residents. Examine current Home Equity Line of Credit rates below.
Home Equity Lines Effective Date: Monday, January 21st, 2019 Account Type % Financed Annual Percentage Rate (APR) As Low As Application Hybrid Home Equity Line
Up to 85%
3.49% APR* Fixed for 1 Year
Thereafter As Low As
Prime - 1/4% (Variable)
*Annual Percentage Rate (APR) is variable and will be based on your credit worthiness and ability to repay. At the end of the 12-month fixed introductory period, the line converts to a variable APR based on a margin as low as the Wall Street Journal Prime Rate minus 0.25%. Prime as of 1/1/19 was 5.50%. The variable APR will not exceed 18%. A $344 early termination fee may apply if account is closed within three years from account opening. Homeowners insurance is required. Promotional Fixed Rate shown includes a .25% discount for Auto-Pay from a Bellwether checking account. Maximum 85% combined loan-to-value ratio. If you pay interest only, you still owe the amounts drawn and your monthly payment will increase when the interest-only period ends. Annual fee of $50 will be charged each anniversary month. Offer subject to change at any time and is for new BCCU lines only. 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)
BENEFITS OF USING A NEW HAMPSHIRE HELOC
A Home Equity Line of Credit from Bellwether provides you 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, and if you opt for an interest-only payment option, your payments will be lower in that 10-year period. Plus, you'll pay interest only on the amount you've used; that means 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 become available to use again.
Here are a few more benefits of using a NH Home Equity Line of Credit:
- Get Money When You Need It: A line of credit functions like a credit card, allowing you to access money when you need it.
- More Money: With a Bellwether HELOC, you can borrow up to 100% of the value of your home (minus any existing mortgage balances)
- Lower Interest Rate: HELOCs allow you to borrow money at a lower interest rate than many credit cards.
- Low Closing Costs: HELOCs typically have low or no closing costs.
- TaxDeductible: Interest paid on your HELOC may be tax deductible, but be sure to check with your tax advisor to confirm.
Let your favorite NH Credit Union help you conveniently gain access to the money you've already paid into your home.
A Home Equity Line of Credit to Fund Your Future. Apply Now
USING A NEW HAMPSHIRE HELOC
A New Hampshire Home Equity Line of Credit may be the perfect solution for homeowners in need of immediate cash flow. Whether you'd like to start a new home improvement project, want to tackle your child's college tuition expenses, or plan a big life celebration like a wedding, a HELOC from Bellwether can help you turn the equity in your home into usable cash.
Use a HELOC to cover a variety of expenses, including:
- Debt consolidation
- College tuition
- A second home
- Home remodeling projects
Apply for a revolving line of credit for quick and easy access to funds - whenever you need them!
Skip Slideshow Excellent customer service skills and a joy to work with. – Claire D. The staff at Bellwether goes over and above to assist with any issue. – Karen M. Efficiency accompanied by courtesy; a rare combination in today's work world. The courtesy extended to me by Amanda was impressive. – Rita P. As a member for over 30 years, cannot recall a bad experience. Everyone has been pleasant and courteous. – Mary Beth L.
Excellent customer service skills and a joy to work with.
– Claire D.
The staff at Bellwether goes over and above to assist with any issue.
– Karen M.
Efficiency accompanied by courtesy; a rare combination in today's work world. The courtesy extended to me by Amanda was impressive.
– Rita P.
As a member for over 30 years, cannot recall a bad experience. Everyone has been pleasant and courteous.
– Mary Beth L.
HOME EQUITY LINE OF CREDIT: FREQUENTLY ASKED QUESTIONS
Have a question about applying for Home Equity Line of Credit in New Hampshire? Browse our HELOC FAQs below.
A traditional home equity loan allows you to borrow a fixed amount of money in one lump sum, with a fixed interest rate, loan term and monthly payment amount.
A HELOC is a revolving line of credit that allows you to borrow money as you need it, using your home as collateral.
The interest rate on a Home Equity Line of Credit can change at the beginning of each month, based on the fluctuation of prime rates.
If you have enough equity in your home, you may be able to get approved for a HELOC in New Hampshire in as little as 30 to 45 days.
HELOCs may have closing costs including an application fee, title search fee, appraisal fee, and attorney documentation preparation fee.
It’s easy to apply for a home equity line of credit from BCCU. Apply online, call XXXXXXXX to talk to one of our helpful representatives, or visit one of our local branches.
It's easy to apply for a Home Equity Line of Credit from Bellwether.
Apply online or call (866) 996-9828 to talk to one of our helpful
representatives, or visit one of our local branches.
Schedule an Appointment
Looking For Something Else?
- Click here for our checking accounts page.
- Bellwether also offers business money market accounts and commercial real estate loans.
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