Get Your Finances In Shape: Home Equity Lines of Credit

BrandStory

The March BrandStory featuring Achieva Credit Union delves into their connection to the community but also provides some key financial advice to SRQ readers. With record low interest rates, now may be a good time to look into a home equity line of credit (HELOC) - a loan that gives you access to cash based on the value of your home. The most common use is for home improvement projects, but a HELOC is flexible — it can also be used to pay for education expenses, bill consolidation, medical expenses, or even a swimming pool! Unlike a Home Equity Loan, where you get one lump sum that you pay off like a mortgage (over 5, 10 or 15 years), with a HELOC, you make payments only on the amount you actually use, similar to a credit card. Reach out to Achieva Credit Union at 800-593-2274 to get connected with a mortgage banker who can help you with a HELOC and get you started on that home improvement project.

Read More from the Achieva Credit Union BrandStory Here

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