Home Equity Loans | HELOC
Unlock the Potential of Your Home
Use your home equity to finance your dreams. A Home Equity Loan or HELOC (Home Equity Line of Credit) can be a great way to access the equity you've built up in your home to finance your dreams. With a HELOC, you can borrow money against the current value of your home, up to 85% of the equity you've built up.
What is a HELOC?
A HELOC is a revolving line of credit that allows you to borrow money as needed, up to your approved credit limit. You only pay interest on the amount of money you borrow, and you can repay the loan at any time without penalty.
Benefits of a HELOC:
Low interest rates
Tax-deductible interest (Consult Tax Advisor)
Flexible repayment terms
No prepayment penalties
There are many ways to use a HELOC, including:
Home Renovations
Debt Consolidation
Education Expenses
Vacation
Get started today! To apply for a Home Equity Loan please call us at 305.471.5080.
Home Owners Windstorm Insurance is required and Flood Insurance is required if property is located in a Flood Zone. Florida properties only and must be owner-occupied. Rates and terms subject to change without notice. Credit Union Membership required prior to closing.
This is not a commitment to lend. HELOC loans are subject to credit and collateral evaluation. Products offered, terms, and conditions are subject to change or cancellation without notice. Other restrictions may apply. The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE) is a federal law designed to protect consumers and reduce fraud. https://www.nmlsconsumeraccess.org/ The NMLS ID unique to Dade County Federal Credit Union is 410320. Individual MLOs working for Dade County Federal Credit Union also have specific NMLR IDs. Please click to see each individual MLO.
