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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 3.40%.  Apply online or schedule an appointment to speak with a specialist.


What are the benefits of using your HELOC?

Savings

  • 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.

Simple Process

  • 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.

Convenience

  • 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.

Borrowing Power

  • 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.

Tags

  1. home equity
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