What can you do with your home's equity?
The possibilities are endless. You have big goals in mind. Maybe you want to consolidate higher-interest debt into one easy payment at a lower rate. Maybe it's time to start that kitchen remodel you've been dreaming about. Maybe there's a wedding to plan or a special vacation to take. Whatever you're thinking about, your home's equity can turn it into reality.
A simple application can deliver financial flexibility you need. Using your home's equity as collateral for financing typically helps you save money with a lower interest rate compared to other borrowing options, like unsecured loans. And that makes your money go further. Plus, with Kalsee Credit Union, you can close within one business day in many cases.
Closings in as little as 1 business day!
- Borrow up to $250,000
- Terms up to 15 years
- Must be an owner-occupied residence or second residence (land contracts are ineligible)
- An appraisal fee may apply
- Borrow between $10,000 and $250,000
- Terms up to 18 years (access money for the first 8 years and take 10 years to pay off your HELOC)
- No pre-payment penalty, unless you close the HELOC in the first three years
- Must be an owner-occupied residence or second residence (land contracts are ineligible)
- An appraisal fee may apply
What is equity?
What's the difference between 1st and 2nd lien?
Pro Tip:
Getting ready to retire?
Prep your budget by consolidating your monthly payments via a home equity loan. Simplify your finances and save!
The Empowerment Edit
