Your HELOC benefits
Posted in Articles on Tuesday, September 12, 2017
Your HELOC is a smart way to manage your debt.
We know the importance of taking control of your debt. If you have enough equity in your home, a HELOC is a great solution. You can consolidate your outstanding credit cards, loans, and bills into a single, low monthly payment.
Apply for a HELOC and you can get a rate as low as 3.65%♦ . Apply online or schedule an appointment to speak with a specialist.
What are the benefits of using your HELOC?
- HELOCs have lower rates than credit cards and personal loans, which means more savings overall.
- Your monthly payment is only 1% of your balance, so you're only paying for what you use.
- There is no application fee and no annual fee for your HELOC.
- It is easy to apply and quick to close. We'll walk you through every step to ensure you understand your loan and how it will help you.
- Veridian members always have easy access to funds. Transfer funds within online or mobile banking to your checking account.
- With a HELOC, you borrow as you go. Your line of credit is always there for you whenever you need it.
- You can borrow up to 100% of your home's value, and choose terms up to 25 years.
- Using your HELOC can have tax benefits, unlike credit cards or personal loans. Consult a tax advisor to see what benefits you have.