Your home is generally your largest single asset which, over time, appreciates in value.
With a Home Equity Line of Credit (HELOC) you can use the equity you've built into your home to pay for large expense items. These items may include a wedding celebration, a dream vacation, or a child's first automobile. A HELOC can also be used to consolidate bills into one lower monthly payment, fund your dream vacation, or complete the home improvements you've always wanted.
When consolidating bills you'll make only one monthly payment. With a simple phone call or writing of a Home Equity Check, you can have immediate access to funds.
Use the loan today to fund a larger purchase, such as a vehicle. In the future, without reapplying for a loan, you can fund your dream vacation or complete the home improvements you've always wanted. Interest paid on a HELOC may be tax deductible.*
Lower Interest Rates
When consolidating bills and paying off credit cards or loans with higher interest rate, a Home Equity Line of Credit SAVES YOU MONEY.
*Consult your tax advisor for deductibility of interest.
**Subsidies are limited with approved credit for qualified buyers. Income limits and other restrictions apply. Union State Bank NMLS # 412388