Timely mortgage payments pay off with a HELOC. Finance all kinds of needs using your home’s equity as collateral.
- Competitive rates for several ongoing or seasonal needs:
- Education expenses
- Major life events
- Major home improvements
- Debt consolidation
- Emergency reserve
- And much more!
- The existing equity in your home is used as collateral backing
- Borrow up to 90% of your available equity
- Accommodating repayment terms that work uniquely for you
- Revolving credit – as principal is repaid, more becomes available for use
- Funds easily available via phone, online banking, or Bonjour telephone banking transfers to a specified Meritus Credit Union checking account
- The interest paid might be tax deductible*
- Applying is quick, easy, and fee-free**
- Local decision-making and processing in Acadiana
- Attentive, friendly service from start to finish
*Consult a tax advisor.
**There are some third party fees associated with opening this plan. Meritus Credit Union will waive these fees on an initial advance of $10,000 or more. Fees generally range from $100.00 to $600.00. Early payoff (less than three years) requires repayment of fees. Adequate property insurance must be maintained.