Home Equity Line of Credit (HELOC)
Finance your home improvement project or big expenses
by tapping into the equity of your home.
Home Equity Line of Credit (HELOC)
Finance your home improvement project or big expenses by tapping into the equity of your home.
It’s the ideal solution when you need money staggered over a period of time, such as paying ongoing wedding expenses or financing an extensive home renovation project that may take a couple of years to complete. A HELOC enables you to borrow the specific amount of money you need when you need it. Applying is easy.
Use a HELOC Loan For
- Home improvement projects
- Consolidating debt
- Major purchases
- Tuition and education costs
- Vacation
- Medical expenses
- Wedding expenses
- Vehicle purchases
- Much more!
Benefits of NET’s HELOC Loans
- Competitively low, variable interest rates.
- Borrow up to 80% of your home’s appraised value.
- Ideal for managing ongoing expenses, such as home improvement projects, tuition costs, debt consolidation, medical bills and life events including wedding expenses, vacations and much more.
- Flexibility of revolving line of credit enables you to use only the money you need, when you need it.
- Minimum initial draw of $5000. Subsequent minimum advances of $500.
- Draw period of 5 years.
- Maximum loan amount of $250000.
- Flexible terms from 5 to 15 years.
- No prepayment penalties.
- No closing costs and no appraisal fee**.
- Interest paid may be tax deductible depending on the use of the funds. (Consult your tax advisor.)
- Receive checks to withdraw funds. – Request Checks
Tell us your goals, and we’ll offer the best solution.
Speak to a NET loan representative today by calling 570.961.1100.
Have confidence when choosing a loan
Looking for other Home Loans?
Home Equity Loans
NET’s Home Equity Loans close in just 1 week!**
Refinance Mortgages
Raising your credit score before applying
Reach Us
bank@netcreditunion.com
Please don’t send secure information
Questions about our Home Equity Line of Credit?
HELOC Checks
Request checks from a Member Expert; the check will link directly to your Home Equity Line of Credit Loan Account. This means you can now pay your bills directly without having to contact us to have your funds dispersed!
You must have an active HELOC Loan to recieve checks. Still need to apply? Click here.
Home Equity Line of Credit Checks
**Member may be charged an appraisal fee. Terms and conditions apply. Speak to the Loan Department for details.