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房屋净值 Line of Credit

Use funds from your home for anything you want, anytime you need — even in case of emergency.

马上申请

或打电话 1-800-621-2105

房屋净值 Line of Credit 6-Month Intro 感兴趣 率 6个月的年利率介绍 感兴趣 率  4月  点 
房屋净值 Line of Credit 5.99% 5.99% 8.50% 8.50% 0.000

利率 are based on an evaluation of credit history, combined loan-to-value ratio, 贷款期限, 和入住率, so your rate may differ. Not all applicants will qualify for the displayed lowest rates. 期限为25年, consisting of a 10-year draw period with interest-only payments followed by a 15-year 偿还ment period with principal plus interest, which may increase your monthly payments. The Introductory Annual Percentage 率 (4月) of 5.99% is for new 房屋净值 Lines of Credit only and is for the first six months. HELOC修改, renewals and increases that utilize the same property are not considered new and are not eligible for the introductory rate. To receive the Introductory rate, a draw of at least $10,000 must be made within 30 days of account opening. After the introductory rate expires, balances will be charged at the variable 4月 based upon the Prime rate as published in The Wall Street Journal plus a margin. The 4月 will never be lower than 3.75% or higher than 18%. 规定的费率, 5月1日正确, 2024, applies to borrowers with credit scores of 730 or greater, CLTV 80%或更低, and owner-occupied single-family residences. 好的赌博软件推荐 will conditionally waive the following Closing Costs associated with your home equity line of credit: flood certification, title search or title abstract, 信用报告, 记录的费用, and a simple valuation. You may be required to pay other costs such as taxes, and when required, appraisal fees. 然而, if you close your home equity line of credit within 36 months after it is opened, you will be required to pay an Early Closure Fee to the amount of the Closing Costs originally waived. These costs vary by state and property type. 好的赌博软件推荐 reserves the right to modify or end this offer at any time. Additional terms and conditions may apply. Subject to credit approval. 好的赌博软件推荐 Membership Required.

房屋净值 Line of Credit

Put your home to work for upcoming purchases.

关键特性

  • 引入率 5.4月99% on new 房屋净值 Lines of Credit for 6 months then as low as 8.50%可变年利率1
  • The amount you can borrow is based on the equity you have in your home, up to 90% of the value of the home
  • Access as much or as little as you need 当你需要的时候 — up to the credit limit established at closing
  • Revolving credit line for the 10-year draw period — use, 偿还, repeat
  • 感兴趣-only payment 10年特色
  • No 预付处罚
  • 没有年费
  • 无成交费用

计算 How Much You Can Borrow

MAY BE A GOOD CHOICE IF

  • You want the flexibility of using the funds only when and if you need them
  • You want to have funds available for unexpected emergencies, such as a new furnace, 医疗费用, or other major surprise expenses
  • You anticipate major expenses, such as home improvements, 新车, 学费, 大的假期, 第二个家, or other large-ticket items
  • You want to consolidate debt from other loans or credit cards

Compare 房屋净值 Options

So, what exactly is a 房屋净值 Line of Credit (HELOC)?

A woman woodworking to improve her home

A 房屋净值 Line of Credit, 也被称为HELOC, allows you to borrow funds using your home as collateral.

何谓“公平”??

Equity is the current value of your home minus the amount you owe on other mortgages. The amount you can borrow is based on the equity you have in your home. 

How a Line of Credit Works

You can access as much or a little as you need from your HELOC, 当你需要的时候, up to the credit limit established at closing. Much like a credit card that allows you to borrow against your spending limit as often as needed, a HELOC gives you the flexibility to borrow against your home equity, 回报并重复.

You can easily make transfers from your HELOC to your 元素 checking accounts within online banking. 元素 will also provide an Equity Access Visa® Card and checks that you can use to easily make purchases directly with your HELOC funds.

There are two phases to a HELOC:

  • Draw Period: Initial 10 years when you can borrow from the credit line.
  • Repayment Period: Following 15 years when you pay back the amount borrowed plus interest as with a fixed rate loan.

利息的特性

感兴趣-only payments are featured during the first 10 years of the line of credit. 在这之后, the borrowed amount converts to a fixed loan payment structure in order to pay the complete balance with the interest over the next 15 years.

开始

Prefer predictable monthly payments that stay the same and a lump sum payout? 考虑一个 房屋净值贷款.

Can I really use it on anything I want?

A college graduate looking really happy

是的,你真的可以! You can use your 元素 房屋净值 Line of Credit (HELOC) to finance major expenses, such as:

  • 家里的改进
  • College (paying off student loans or paying 学费 directly)
  • 那个大假期
  • 一辆新车
  • 第二个家
  • 医疗费用
  • 债务合并
  • Unexpected emergencies
  • 这取决于你! 

申请HELOC

Tell me more about interest-only payments for 10 years…

Friends on a boat in a remote part of the world

An 元素 房屋净值 Line of Credit (HELOC) allows you to pay only the interest costs for up to 10 years without having to pay down your loan balance. Then the balance converts to a 15-year loan, and you must begin making payments, including interest and principal to pay off the debt, or apply for a new HELOC if you still have equity in your home.

The interest-only payment feature gives you low monthly payments during the initial term and can free up cash flow so you can choose how and when you spend your money.

For example, your interest-only payment would be about $10 per month for a $10,000 HELOC balance.

申请HELOC

How does a HELOC compare to other choices for major purchases?

There are benefits and trade-offs to all loans, especially when it comes to paying off major expenses. 如果你拥有自己的房子, a 房屋净值 Line of Credit is often the most flexible and affordable option for major purchases like home improvements, 支付大学学费, or even a 大的假期.

Compare different types of loan products in the chart below to determine which is best for your needs. 一如既往地, your support team at 元素 is ready to help you find the product that is best for you—just give us a call at 1-317-542-5055.

  房屋净值 Line of Credit 房屋净值贷款 个人 Unsecured Signature Loan 铂签证 信用卡
它是什么

Borrow funds using the equity in your home

Revolving credit line for the 10-year draw—use, 偿还, repeat

Borrow funds using the equity in your home

一定数额的贷款

Borrow money without using collateral

一定数额的贷款

Borrow money without using collateral

关键好处

最低利率

Fixed monthly payments

Fixed monthly payments

$200现金奖励2

4月

Intro 4月 for 6 months: 5.99%

Variable 4月 after 6-month intro period: As low as 8.50%

10年固定:8.777%

15年固定:8.977%

4年固定:9.84%

Intro 4月 for 6 months: 0%

Variable 4月 after 6-month intro period: 14.24%

A Good Option for a Major or Unexpected Purchase If You

拥有你的房子

Want the flexibility of using funds whenever you need them

想要低一点的付款

拥有你的房子

Want money upfront in a lump sum single payout

Want a locked-in fixed interest rate

Want predictable monthly payments that stay the same

不要拥有你的房子

Want predictable monthly payments that stay the same

不要拥有你的房子

Have the means to pay off your balance right away

可以用来做什么?

任何东西! 购买如:

- Unexpected emergencies
-家居改善
——大学
-那个大假期
-一辆新车
-第二个家
-债务合并

Best for purchases such as:

- Planned home improvement projects
——大学
-第二个家
-债务合并

合并贷款

Paying off credit cards

任何东西!

Best for smaller, everyday purchases

No P偿还ment Penalties
无年费
可用的数量

Whatever your available equity is in your home

Whatever your available equity is in your home

Borrow up to $25,000, based on credit rating

Borrow up to $25,000 based on credit rating

Should I apply even before I need the money?

A man with crutches talking to his doctor in a hospital

确定! Your home can act as a safety net for those times when life throws you a curveball: your furnace goes out, you have unplanned 医疗费用, 有人丢了工作, your car repairs cost more than you’re ready for—you get the idea. If you’ve already secured a HELOC, you will be ready for those emergencies because you can immediately draw money from your line of credit. Of course, you won’t have anything to pay back until, or if, you draw on the HELOC. So, 是的, it is a good idea to take advantage of your biggest asset by proactively applying for an 元素 HELOC.

开始

费用是多少??

An older couple hugging outside their RV

There are no closing costs, 预付处罚, or an annual fee associated with a home equity line of credit.

An appraisal fee may be necessary, depending on the value and equity of the loan.

How do I access the HELOC funds?

A couple doing some home planning for improvements

You can access your equity simply and easily by transferring funds from your HELOC account to your 元素 checking account within online banking. 元素 will also provide a 房屋净值 Access Visa® card and checks that you can use to easily make purchases directly with your HELOC funds.

You can access as much or as little as you need from your HELOC, 当你需要的时候, up to the credit limit established at closing. Much like a credit card that allows you to borrow against your spending limit as often as needed, a HELOC gives you the flexibility to borrow against your home equity, 偿还, 和重复.

Does 好的赌博软件推荐 offer debt consolidation loans?

Couple laughing while enjoying time on their boat on a sunny day.

We do offer consolidation loans to consolidate bills and pay off other debts. A 房屋净值 Line of Credit (see information on this page) can be used for that purpose. Other options available to most members include 个人贷款, 房屋净值贷款甚至是第一次 抵押贷款再融资 with a debt consolidation option.

Why should I go to 元素 for my HELOC?

A woman withdrawing money from an ATM

Like a Bank, Only Better!

更好的利率. 更少的费用.

Because we’re a credit union, we return profits to members in the form of reduced fees, higher savings rates and lower loan rates.

可信的建议. 新鲜的方法.

We pride ourselves in being a trusted source for financial education. We come to your workplace to answer questions and can provide you with personalized guidance about your HELOC.

尊重当地. 在全球范围内访问.

Headquartered in 印第安纳波利斯 since 1930, we rank among the top 3% of credit unions nationally3. We serve members in all 50 states and 50+ countries. You’ll have access to 5,000+ shared branches nationwide and 78,000+ surcharge-free ATMs globally.

高科技. 人类接触.

Our technology makes banking with 元素 easy. From quick digital applications to online and mobile banking, we’ll be by your side wherever you go. We’re here for you with member service available 24/7 and live chat during the workday.

开始

我如何申请?

Screenshot of 元素 online application

3个简单的步骤应用

  1. 在线申请 - You can apply online in as little as 10 minutes! Submit your application anytime 或打电话 1-800-561-9433 开始吧. Have ready your government-issued ID (driver’s license, 状态标识, or passport) and estimates of your household income, 资产, home value and price you paid for your home.
  2. 接我们的电话 - We'll contact you within one business day after you submit your application to go over what documentation we'll need and to answer your questions.
  3. 安排收盘时间 - We'll contact you with a decision within 10 business days and schedule a closing at a location convenient to you if approved. 就是这样—— your line of credit is open!

马上申请

I recently discovered that I could use my home's equity for more than just home improvements, so my husband and I took out a HELOC to pay for a portion of our son's college. The great rate is saving us a ton of money!

——帕蒂S. | 2001年加入至今

How Much Can I Borrow From My 房屋净值?

房屋净值 Calculator

结果

in a home equity loan or line of credit
  1. 1 利率 are based on an evaluation of credit history, combined loan-to-value ratio, 贷款期限, 和入住率, so your rate may differ. Not all applicants will qualify for the displayed lowest rates. 期限为25年, consisting of a 10-year draw period with interest-only payments followed by a 15-year 偿还ment period with principal plus interest, which may increase your monthly payments. The Introductory Annual Percentage 率 (4月) of 5.99% is for new 房屋净值 Lines of Credit only and is for the first six months. HELOC修改, renewals and increases that utilize the same property are not considered new and are not eligible for the introductory rate. To receive the Introductory rate, a draw of at least $10,000 must be made within 30 days of account opening. After the introductory rate expires, balances will be charged at the variable 4月 based upon the Prime rate as published in The Wall Street Journal plus a margin. The 4月 will never be lower than 3.75% or higher than 18%. 规定的费率, 5月1日正确, 2024, applies to borrowers with credit scores of 730 or greater, CLTV 80%或更低, and owner-occupied single-family residences. 好的赌博软件推荐 will conditionally waive the following Closing Costs associated with your home equity line of credit: flood certification, title search or title abstract, 信用报告, 记录的费用, and a simple valuation. You may be required to pay other costs such as taxes, and when required, appraisal fees. 然而, if you close your home equity line of credit within 36 months after it is opened, you will be required to pay an Early Closure Fee to the amount of the Closing Costs originally waived. These costs vary by state and property type. 好的赌博软件推荐 reserves the right to modify or end this offer at any time. Additional terms and conditions may apply. Subject to credit approval. 好的赌博软件推荐 Membership Required.
  2. 2 信用卡 Related $200 Cash Bonus Value Offer — requiring at least 10 card purchase transactions totaling at least net $1,000 within 90 days of card approval — will be fulfilled as a one-time $200 statement credit. Statement credit will not reduce your monthly payment. If the account is closed within six months, we reserve the right to add the amount of the statement credit back to your account balance at that time. Secured 信用卡 excluded. Existing or previous 元素 credit cardholders not eligible.  /  Offer subject to credit approval and may be taxable. 元素 reserves the right to amend or discontinue offers at any time. Additional terms and conditions may apply. Please allow 4-6 weeks after qualifications are met for receipt of a statement credit. Product offers cannot be combined with other promotional offers for the same product. One offer per household.
  3. 3 Based on asset size as of 12/31/2022.