Home Equity Line of Credit near Buffalo, NY
For most people, your home is your most valuable asset. With a Home Equity Line of Credit near Buffalo, NY, you can tap in to the value of your home to cover major expenses.
With a Home Equity Line of Credit, you can also turn what you've been eyeing in to what you're buying.
It's your home -- get the most out of it with a Home Equity Line of Credit.
What is a Home Equity Line of Credit (HELOC)?
A Home Equity Line of Credit, also known as HELOC, is a type of revolving credit line that is borrowed from the value of your home.
In this sense, a Home Equity Line of Credit (HELOC) is similar to a credit card, but the funds are borrowed from the value of your home.
Buffalo Service Credit Union makes a Home Equity Line of Credit (HELOC) affordable. With a Home Equity Line of Credit, you can get low monthly payments that fit your budget, while also using your Home Equity Line of Credit whenever you need to make major purchases.
What Can You Do With a Home Equity Line of Credit near Buffalo, NY? That's Up To You!
With a Home Equity Line of Credit (HELOC), you can turn "I wish we had..." to "I'm so happy we have..."
You may be able to borrow up to 85% of your home's available equity with a Home Equity Line of Credit.
You can also use your Home Equity Line of Credit for 10 years, and you'll have an additional 10 years to pay it back.
What you do with your Home Equity Line of Credit is up to you!
Some popular ways in which people choose to use their HELOC include, but are not limited to:
- Home Repairs or Home Improvements,
- College costs,
- Debt consolidation,
- Emergency expenses, like big medical bills or car repairs,
- Family vacations
If you use your Home Equity Line of Credit on renovations to your home, the interest on your HELOC may even be tax deductible.
A Home Equity Line of Credit is also an attractive option to cover college costs, as the HELOC rates may be lower than the interest rates on student loans.
Have something in mind to use your Home Equity Line of Credit on?
Searching for the Best HELOC Rates near Buffalo, NY? Your Search Ends Here.
Buffalo Service Credit Union offers Home Equity Line of Credit (HELOC) rates near Buffalo, NY that are low interest and affordable.
Currently, Buffalo Service Credit Union is offering special HELOC rates near Buffalo, NY. With these special HELOC rates, you can get more from your home's value and repayment terms that fit your budget.
Take advantage of these low HELOC rates while you still can!
To discuss what repayment terms would look like with our low HELOC rates...
Considering a Home Equity Loan near Buffalo, NY Instead? Get It at Buffalo Service Credit Union!
In addition to a Home Equity Line of Credit, Buffalo Service Credit Union is also the trusted go-to for a Home Equity Loan near Buffalo, NY.
While a Home Equity Line of Credit provides you with credit that you can use when you need it, a Home Equity Loan provides the funds you need in a lump sum. This makes a Home Equity Loan perfect for covering something specific that you had in mind, like home improvements or large expenses.
Home Equity Loan rates are also available at a fixed rate.
Let's Talk About Your Options for a Home Equity Loan or Home Equity Line of Credit (HELOC) near Buffalo, NY
Home Equity Line of Credit: APR = Annual Percentage Rate. Currently as low as 5.50% APR as of 12/20/2018. The actual APR may be higher based on the credit worthiness of each applicant. The Annual Variable APR is based on the Prime Rate published in The Wall Street Journal as of the first business day of February. Interest rate changes take effect on April 1st of each year the line of credit is in existence. Maximum annual increase is 2.0% APR, Maximum lifetime APR is 16%, Minimum (floor rate) APR 4.00%. Minimum loan amount is $10,000. 1- to 4-family owner-occupied properties only. This is a variable rate home equity line of credit secured by a mortgage on your home. No annual fee and no minimum balance requirement. Appraisal fee paid by member, typically $250. Additional closing costs paid by BSCU will vary. If you terminate the line of credit within the first 36 months from day of closing you must repay all closing costs BSCU paid on your behalf. All accounts are subject to individual approval. Property insurance naming BSCU as mortgagee is required. Flood insurance may be required. Rates apply to new accounts and may not be applied to existing accounts. Other terms and conditions may apply and are subject to change without notice.