Home Equity Line of Credit
Use the equity in your home to pay for all the things you need - and want! Remodel your home, buy a car, pay off bills, take a vacation - the choice is yours. Benefits of this loan include:
- Easy application process - apply online, by phone, or at any branch
- Terms up to 25 years, including a 10-year draw period
- 80% loan-to-value financing
- Borrow from $10,000 to $200,000
- Low application fee. Fee waived thru April 30, 2017.*
- No pre-payment penalties
- Payable within 15 years of the final loan advance
- Easy access to funds - convenience checks, branch withdrawal, take an advance at an EECU ATM, or transfer funds through Online Access Home Banking
- Interest on the loan may be tax deductible - consult your tax advisor
- Life insurance available
To apply for a HELOC limit increase, please call us at 559-437-7700 or 1-800-538-3328, or visit any EECU branch.
*Variable Annual Percentage Rate (APR) 4.00% as of 3/31/17. Lifetime maximum APR is start rate plus 5%, currently 9.00%. $25 annual fee. The $125 application fee is waived February 15 – April 30, 2017, with an advance of at least $10,000. Fees to establish equity line range from $125 to $575 for lines in second lien position. Rates and terms subject to change without notice. Loans subject to credit approval. Available on California owner-occupied real property only. Other restrictions may apply.