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Real Estate Loans

HELOC

Unlock Your Home’s Equity

Have you considered using the equity you have built in your primary residence?

A Home Equity Line of Credit (HELOC) is a great option because the equity in your home is not just for home improvements – but for whatever you need, giving you the flexibility other loan products can’t. Once we determine how much equity you have, you can gain access to a Line of Credit that you can borrow what you want, when you want, for whatever you want!

  • Borrow up to 90% of your home's equity (maximum loan amounts apply)
  • Use it whenever anything unexpected comes up
  • Access your funds easily online
  • Only pay interest on the amount you borrow

Access to funds 24/7

Together we can unlock the possibilities. You have access to funds 24/7 without dipping into your savings or investments. If your home has equity, a Home Equity Line of Credit (HELOC) from Ripco Credit Union is a great option offering the flexibility you’re looking for. 

A HELOC offers these great features as well:

  • Quick approvals
  • Interest may be tax deductible (restrictions apply, see a tax professional for details)
  • No Annual fees or prepayment penalties

Apply Online Today!

Select Home Equity on the loan application page. 

What’s the difference

You may be asking yourself “What the difference is between a Home Equity Loan and a Home Equity Line of Credit?” A home equity loan is a term loan in which the borrower gets a one-time lump sum. The loan is repaid over a fixed term, at a fixed interest rate, with equal monthly payments.

A Home Equity Line of Credit, or HELOC works more like a credit card. You’re given a line of credit that’s available for a set time frame, usually up to 10 years. During this time, you can withdraw money as you need it, for whatever you may need.   

Still not sure which option is right for you?

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