TAP YOUR HOME'S EQUITY FOR MAJOR EXPENSES

Home equity loans can be used for more than just remodeling your house.  If you need a large sum of cash to pay for things such as medical bills, tuition, wedding costs, and other big expenses, a home equity loan might be your best bet.

These loans let you borrow money using the equity in your home as collateral to secure a much lower interest rate than what is traditionally offered with personal loans and credit cards. The lump sum of money borrowed is repayable over a fixed term, usually 5 to 15 years, giving you the security of a locked-in rate and a consistent monthly payment.  Additionally, the interest on the home equity loan is likely to be tax-deductible when the funds are used for home improvements.

For more details about our Cy-Fair FCU’s home equity loan product:

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