#DidYouKnow? Home Equity Line of Credit

What is a HELOC?

Achieve Credit Union offers a Home Equity Line of Credit (HELOC), leveraging the equity in your home for various purposes. Equity is the difference between your home's market value and the outstanding mortgage balance.

Using Your Home’s Equity

A HELOC is a popular choice for homeowners for several reasons:

**Debt Consolidation**

Consolidate higher-rate debts into one manageable payment, potentially saving on interest costs.

**Home Improvement Projects**

Fund your dream home renovation or improvement projects, enhancing your living space and property value.

**Life's Big Events**

Whether it's a wedding, college expenses, or other major life events, a HELOC can be a reliable source of funds.

**Advantages of Achieve CU's HELOC**

**No Closing Costs:** We eliminate the burden of closing costs, ensuring a more cost-effective solution.
**Flexible Repayment Period:** With a 17-year loan, you have seven years for draws and a subsequent 10-year period for repayment.
**Principal and Interest Payments:** The HELOC features principal and interest payments, actively reducing the loan balance over time.

Getting Started with an Achieve CU HELOC

Here are two ways to get started with your Achieve Credit Union HELOC:

Schedule an Appointment: Call and schedule an appointment for guidance through the application process and necessary documentation.
Go Online: Alternatively, start your HELOC application online right now.

Achieve Credit Union's Home Equity Line of Credit empowers homeowners to unlock financial possibilities. Whether consolidating debts, funding home improvements, or achieving life's milestones, our HELOC offers a versatile and cost-effective solution.

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