Posted in Articles on Thursday, January 11, 2018
Get a fresh financial start with a HELOC in 2018.
Many people have financial resolutions for the new year, and Veridian can help you achieve yours. Get a fresh start to 2018 by consolidating old high-interest debt with a Home Equity Line of Credit (HELOC).
What is a HELOC?
Like a home equity loan, a HELOC taps into the value you’ve accrued in your house. Instead of giving you a lump sum up front, however, a HELOC is revolving line of credit you can draw from at any time. You only pay interest on the money you actually spend, with a rate as low as 3.40% APR* for the first five years.
What can I use a HELOC for?
You can use a HELOC for just about anything, including home improvements, adoption, medical expenses, travel and tuition. It’s an excellent tool for refinancing high-interest debt held elsewhere, whether that’s credit cards, auto loans or student debt. You could save hundreds in interest payments — and reduce the time you spend paying bills — by consolidating debt with double-digit interest rates into a HELOC with a rate as low as 3.40% APR*.
What is the repayment plan?
Your monthly payment is just 1% of your balance with a $50 minimum.
How much can I borrow at once?
If you qualify, up to 100% of the equity in your home.
How can I access my HELOC?
Simply transfer money from your HELOC to your Veridian checking account through online or mobile banking.
Ready to apply?
Rates can fluctuate with the market, and they’ve been trending higher. Apply today to get a fresh financial start to your year and lock in a rate as low as 3.40% APR* for the first five years.
Don't have a HELOC yet?
Apply online or schedule an appointment.
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As a credit union, we’re organized differently than other financials. Veridian is a not-for-profit financial cooperative owned by our members. That means all net earnings are returned to members in the form of lower loan rates, higher savings rates, and low-to-no fees. Veridian is also governed by a volunteer board of directors who are elected by our members. Each member has one vote in the election for our board regardless of how much money that individual has on deposit.
Routing Number - 273976369