Being financially responsible doesn’t mean you have to ignore the value in your home. A Home Equity Line of Credit from Union Community Bank is a smart, low interest way to finance anything from home improvements to cars to college tuition.
A Home Equity Line of Credit is a revolving form of credit that uses your home as collateral. A qualified homeowner with available equity can be provided with secured financing, a revolving source of funds, and potential tax benefits. Based on the equity in your home, interest rates are typically lower than unsecured forms of credit. Once receiving the line of credit you can borrow and pay back as many times as you would like during the draw period. During the draw period the minimum monthly payments are interest only. Make full use of your home equity for a low interest line of credit today.
Union Home Equity Line of Credit
- Low variable rates
- Easy to apply
- Pay interest only on what you use
- Use for major expenses such as home improvements, education, consolidation or medical costs
- Interest may be tax deductible (Consult your tax adviser)