Home Equity
Your Credit Union offers home equity loans! A home equity loan enables you to borrow money in a lump sum against the equity (80% of the value of your home minus what you owe) you have built up in your home. Home equity loans are often used to pay off credit card debt, buy a car or to make major renovations to a home.
Loan payments may be made through payroll deduction and direct deposit for a lower interest rate.