Home Equity Lines of Credit (HELOC)
Financing your dreams can be a lot closer than you think – within your home! At Middlesex Healthcare FCU, we can transition the equity in your home into collateral to finance a wide range of one-time or recurring needs.
This open-ended line of credit allows you to withdraw funds at any time without reapplying – a new counter top here, a leaky faucet there – no problem. We offer competitive rates, flexible repayment options, and the interest you pay might even be tax deductible!
- Tap into your home's equity for collateral to secure financing
- Competitively low rates for a wide range of seasonal or ongoing needs
- Meet unexpected expenses
- Auto/home repairs
- Education expenses
- Debt consolidation
- Personal start-up businesses
- And more!
- Rates based on credit score and property value
- A wide range of accommodating repayment terms
- No closing/origination fees
- No required balance or annual fee
- Interest paid may be tax deductible*
- Only pay interest on the part that's used
- Unused funds are available for later use
- Access funds via a Home Equity check or at a branch location
- Experienced loan staff, attentive to your unique needs
- Local decision-making and processing for quick approvals
*Consult a tax advisor.
Middlesex Healthcare Federal Credit Union's Financial Services team is committed to fair and responsible mortgage lending practices. Our entire team has been NMLS licensed.