HELOC

HELOC stands for “Home Equity Line of Credit.”

A HELOC is a revolving line of credit that is secured by the equity in your home.
It allows you to access funds as needed over a period of time.

Benefits

✓ Minimum loan amount of $10k
✓ Max loan amount is 80% of appraised value
✓ 7-year draw period & a 10-year repayment period

Best For

✓ Quick access to money without having to reapply
✓ Home Improvement
✓ Debt Consolidation
✓ Payoff Student Loans
✓ Home Improvements
✓ Other Large or Unexpected Home Purchases

All ACT 1st FCU offices will close at 1pm on Tuesday December 24th. We will remain closed Wednesday 12/25 and Thursday 12/26. Normal hours resume on Friday, 12/27. Merry Christmas from all of us at ACT 1st FCU!