You’ve worked hard to build up equity in your home. With the guidance of Member Advisors at Unison Credit Union, you can create a line of credit up to a certain amount. Access your Home Equity Line of Credit with a teller, by using It’s Me 247 Online Banking, or by using CU by Phone. You’ll find Unison Credit Union locations throughout Northeast Wisconsin, including Wrightstown, Little Chute, Grand Chute, De Pere, Kaukauna (North), and Kaukauna (South).
How is a HELOC different from a traditional home equity loan?
Think of a HELOC like a credit card. For the life of the HELOC (a time limit set by Unison), you can borrow up to a certain amount and use the money for whatever you choose. As you pay off the principal, your credit revolves, and you can use it again.
Here’s an example:
You secured a $15,000 line of credit.
You borrow $10,000, but then pay back $3,000 toward the principal.
You now have $8,000 in available credit.
And HELOC also has these great features:
Member Advisors who guide you through the entire process
Bi-weekly payment options
No pre-payment penalty
Interest may be tax deductible (restrictions apply, see a tax professional for details)