Home Equity Loan or Line of Credit ...
Which is Right for You?

Many homeowners wonder about the benefits and differences between home equity loans and lines of credit. View a chart outlining the differences.

Home Equity Loans

Put the equity in your home to work for you when you need money for most any purpose including:

• Home remodeling
• Vehicle purchase
• Bill consolidation
• Education expenses and more!

The interest is generally tax deductible (see your tax advisor for details). We have fixed and variable rates available as well as no-point and no-points no fee options.

• Lower your rate by lowering your loan-to-value ratio
• Enjoy repayment terms up to 180 months
• Finance up to 90% of the appraised value for fixed home equity loans and home equity lines of credit (minus any first mortgage loan balance on owner-occupied dwellings up to $500,000)
• For non-owner-occupied dwellings, finance up to 80%, fixed or line of credit, (minus any first mortgage loan balance) up to $300,000. Find terms and conditions here.
• We offer rate discounts for automatic payments and no prepayment penalties (except Better than Prime for Life)

• Rates
• Apply Now for an RCU Home Equity Loan or Line of Credit

If you have any questions, please call us at: (800) 479-7928 or visit an RCU branch.

Credit Life and Disability Insurance

For extra protection and peace of mind, we offer Credit Life & Disability Insurance for most loans at a nominal charge. Premiums are added to your monthly loan payment and are financed over the term of the loan. Ask us about this important coverage for your loan.