Home Equity Line of Credit
- Home Equity Line of Credit
You've searched high and low for a pile of cash (to no avail), but have you thought about tapping into your own home? Use your home's equity as collateral for a loan and get the cash you need to fund that big expense.
Thinking about a major home remodel, going back to school or taking a dream vacation? Maybe you need help paying off your credit cards or medical bills. Use the value in your current house for whatever you'd like! With an Inspire Home Equity Line of Credit, you can
borrow up to 100% of your home's value (LTV)* with rates as low as 1.99% APR!**
- Interest only payment options available
- Borrow at a lower rate than other types of loans
- Write checks directly from your Home Equity Line of Credit for convenience
- Transfer funds to your Inspire FCU checking via online banking for immediate access
- Access your money as needed – no need to reapply when needs arise
- Interest you pay could be tax deductible2 unlike other types of loans
25 yearterm – 10 year ‘draw’ followed by 15 yearrepayment
Protecting Your Home
Your home is your single largest investment. It's important you protect it and yourself. Home Insurance is available through Inspire Insurance Agency!
*LTV = Loan to Value.