Home Equity Line of Credit
Tap into your home’s equity with a Home Equity Line of Credit (HELOC) from Friends and Family Credit Union, offering flexible access to funds and competitive rates to support your financial needs.
A helpful HELOC can finance it
Unlock the power of your home’s equity with a Home Equity Line of Credit (HELOC) from Friends and Family Credit Union.
Our HELOCs offer flexible access to funds, allowing you to borrow what you need, when you need it, up to your credit limit. With competitive interest rates and interest-only payment options, managing your finances becomes more manageable and affordable.
Whether you’re planning home improvements, consolidating high-interest debt, or covering unexpected expenses, our HELOCs provide a revolving credit line that adapts to your needs. Plus, with no prepayment penalties, you have the freedom to pay off your balance early without extra fees.
At Friends and Family, we prioritize personalized service and a straightforward application process, ensuring you get the support you need to make the most of your home’s value.
Tap into your home’s potential and achieve your financial goals with a HELOC from Friends and Family Credit Union.
Benefits of a Home Equity Line of Credit (HELOC)
- Flexible Access to Funds: Borrow what you need when you need it, up to your credit limit.
- Competitive Interest Rates: Enjoy lower rates compared to traditional loans or credit cards.
- Interest-Only Payments: Pay only interest on the amount you use during the draw period.
- Tax Benefits: Potentially deduct interest payments on your taxes (consult a tax advisor).
- Revolving Credit: Access funds repeatedly as you repay, similar to a credit card.
- No Prepayment Penalties: Pay off your balance early without incurring extra fees.
- Home Improvement Financing: Use funds for renovations to increase your home’s value.
- Debt Consolidation: Combine high-interest debts into a lower-rate HELOC for easier management.
Message Pay texts you payment reminders
We know your life can be busy, demanding, and overwhelming at times. We all need reminders just to stay on schedule. With Message Pay, a free new service from Friends and Family Credit Union, we will text you a courtesy reminder five days prior to your scheduled loan payment.
