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Three Reasons To Love Home Equity Financing!

Your financial journey is as unique as you are, and that’s where Home Equity financing can make a difference.

Three Powerful Uses:

No matter your priorities, Home Equity financing is precisely what you need. Consider the three main reasons members tap into their equity:

  1. Debt Consolidation: Streamline your finances by merging multiple debts into a single, manageable payment. This simplifies your financial life and reduces the interest you pay.
  2. Remodeling & Repairs: Transform your living space with Home Equity funds. You’ll enhance your home’s value by renovating, remodeling, or tackling those repairs.
  3. Major Purchases: Your Home Equity can be a valuable resource for other larger expenses. Whether buying a car, paying for college, starting a business, or realizing a personal dream, your equity can make it happen.

Three Ways To Save:

At NCACU, we’ve designed our Home Equity options around your needs and lifestyle. Plus, you’ll save every day with terms you can customize.

  1. Competitive Rates: Our rates can help you get the most out of your equity. Payments stay low, so you can do more with your money.
  2. Versatile Terms: Flexibility matters, and that’s what we offer. Our terms will meet your needs, allowing you to choose the repayment plan that suits you best. Make repaying your loan easier with Direct Deposit or automatic transfer.
  3. Savings & Convenience: We always prioritize your convenience and financial well-being. By choosing NCACU, you save on interest compared to other borrowing options, and fees are minimal. We also make applying easy — you can stop in, call us, or apply online when it works for you!

Flexible Options:

  • Home Equity Loans (Fixed Rate): Enjoy peace of mind with a fixed rate as low as 7.25% APR*. This is ideal for those seeking consistent monthly payments.
  • HELOC (Line of Credit): Access funds with a Line of Credit as low as 8.50% APR*. This alternative is perfect for projects that need ongoing cash access. As you repay, your line is replenished for future use.
  • Unlock Up to 80% of Your Home’s Value: Borrow up to 80% of your home’s Loan-to-Value ratio, giving you access to more cash and the flexibility to take care of many financial needs.

Unlimited Possibilities

Home Equity financing is one of your most versatile lending options. When deciding how to best use the funds, we encourage you to think outside the box.

Transform your home:

Are you eyeing upgrades that can transform your home? Home Equity financing opens the door to unlimited possibilities when it comes to renovations. From a kitchen makeover to enhancing your outdoor space or adding a new room, your equity can bring these dreams to life. The best part? You’re investing in your home’s value while benefiting from a comfortable, attractive living space.

Easy debt consolidation:

If the weight of multiple debts is stressing you out, Home Equity financing may be just what you need. Consider consolidating high-interest debts into a single, manageable payment. Doing so simplifies your finances and can reduce the interest you pay.

Plus, a competitive rate means a more manageable monthly payment. This helps you to repay the loan faster, saving you money in the long run. This approach also brings peace of mind and sets you on a path to greater independence. By taking control of your debts, you secure your financial future!

Help for college:

As a homeowner, your equity isn’t just a financial asset; it’s a key to a brighter future. Use your equity to pay for college, and rest easy knowing that NCACU Home Equity financing is more affordable than traditional student loans.

Your choice also protects loved ones from falling into a cycle of debt. By avoiding pricier options, such as private loans with higher rates, you set your student on a path to greater financial success. Harness the power of Home Equity financing to support your child’s dream of a college education. Your student can rest easier while you show your commitment to their future.

Start a business:

Dreaming of becoming your own boss? Home Equity financing can be the fuel that ignites your business aspirations. Whether buying essential equipment for a snow removal business, laying the groundwork for an online opportunity, launching a food truck enterprise, or taking your skills like carpentry or catering to the next level, Home Equity financing can make it possible.

As you tap into the power of Home Equity financing, you invest in your future and give life to your dreams. You also eliminate some of the financial strain that can sometimes come with a business start-up. Your journey becomes smoother, using your equity and NCACU financing as resources.

Upgrade your transportation:

You can use the funds to upgrade your vehicle before winter, buy an RV or snowmobile, or pay off a vehicle loan somewhere else. There’s no reason to stay in a car or truck that’s unreliable or doesn’t meet your needs.

Potential tax benefits:

At NCACU, we’re dedicated to helping you maximize your funds. Home Equity financing empowers you to embrace your dreams while keeping affordability and flexibility the priorities. Remember, Home Equity financing can bring potential tax benefits, which is another incentive. Please consult a tax professional or visit the IRS Website for more information.

Apply today!

Trust NCACU to provide the affordable solutions you need. Call us at (989) 910-5135 or (616) 532-9067 to apply or stop in.

 

* APR = Annual Percentage Rate. APR effective September 1, 2023, and subject to change. APR may also vary based on your creditworthiness, loan amount, combined Loan to Value (LTV), term, and security offered. Active Checking required. No out-of-pocket costs: for loans of less than $50,000, an appraisal and title work may be required, and the costs included with the loan. See the Credit Union for complete details.
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