Let Your Home's Equity Do the Heavy Lifting

Have you ever considered taking advantage of your home's equity to help pay for large financial needs? A VacationLand Home Equity Line of Credit (HELOC) will keep some spending money close at hand.

Your home's equity is the difference between its current market value and the amount owed on the mortgage. If you own a home and it’s worth more than the remaining balance on your mortgage, you have equity. If you have equity, you may be eligible for a Home Equity Line of Credit!

What makes a Home Equity Line of Credit (HELOC) different from a fixed home equity loan? A fixed home equity loan is issued for a set amount at a set rate, the funds are dispersed, and the loan can no longer be drawn against. In contrast, a HELOC is a variable rate loan that has a revolving balance. Borrow what you need, depending on your home's equity, pay it off, and then borrow against it again. You will have ongoing access to these funds to use as you see fit during the draw period.

Let the equity you've built into your home get to work helping you:

  • Consolidate debt
  • Make home improvements
  • Pay for kids' education
  • Buy furniture and/or appliances
  • Finance a wedding
  • Purchase anything else you need or want

VacationLand Federal Credit Union can help you transform your home's value into invaluable monetary assistance. Through May 31st, you can lock in a HELOC at prime rate for the first 12 months. Afterward, rates are as low as 4.00% APR, up to 90% loan to value (Prime + .25%). How's that for making your money work for you?

With a VLFCU Home Equity Line of Credit, your home's equity is used as collateral. You'll enjoy flexible rates, easy access to your funds, check-writing privileges, no closing costs, and a low annual fee. Payments are based only on the funds you use. As the principal is repaid, more funds become available.

If you wish to apply, or if you have questions about a HELOC, please one of our branch locations and we'll explain all the details. You may also call us at 800-691-9299 and speak to one of our experts. They'll determine if you qualify, help you estimate your credit line amount, and answer any questions you may have.

Hurry, this offer is good only through May 31, 2022! You've worked hard for your home. Why not let your home work for you?

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