Home Equity Line of Credit
A Home Equity Loan or Line of Credit (HELOC) can be a strategic tool to take advantage of lower interest rates and potentially save thousands on interest charges.
It's a versatile line of credit secured by your home's equity, offering lower interest rates1 than most other loans.
Consolidate your credit card debt, medical bills or personal loans into one easy-to-manage payment with a HELOC. It can also help you plan a dream wedding, take a long-overdue vacation, pay for college, and more. This can free up hundreds of dollars in your monthly budget! HELOCs provide access to funds that you can use wisely. Unlike a cash-out refinance of your mortgage, a HELOC allows you to borrow only what you need, helping you avoid going overboard.
Is a HELOC right for you? Get a free consultation with a Campus Federal loan officer to discuss your options and explore if a HELOC can help you reach your financial goals.
You can save up to $1,000 on closing costs2! Plus, enjoy these benefits:
- Competitive rates
- Flexible terms
- Variable rate of interest indexed to the Wall Street Journal's Prime lending rate1
- Payroll deduction, Bill Pay and transfer payment options available
- No prepayment penalty
- $5,000 minimum line of credit
1Rates are subject to change at any time. Offer subject to credit approval. Additional fees may apply, including a one-time membership fee of $10 for a new member.
2On lines of credit in which the first draw is $15,000 or more. Some restrictions apply. Contact a Campus Federal representative for more details.