Making Any Dream A Reality
Have a home loan with TFCU? You’re already ahead! Enjoy a 3.00% APR discount on personal loans** to tackle the home upgrades you’ve been dreaming about. From fresh paint to full remodels, this is your season to make it happen!
Apply with promo code: R&R
Home Equity Loan vs. HELOC: What's the Difference?
A HELOC is similar to a credit card. With this revolving credit line, you have an amount of money available to for you to borrow and pay back, but you can take what you need as you need it. You’ll also only pay interest on the amount you withdraw.
With the flexibility of a HELOC, you can borrow as much or as little as you need. A HELOC can be a good source of money for anything you might need extra funds for including vacations, debt consolidation, college planning, and more.
Home equity loans usually have a fixed interest rate, which means the payment is the same each month. Your loan payment will be in addition to your existing mortgage payment.
Since it’s a lump-sum, a home equity loan can be a good source of money for major home projects and one-time expenses.
Check the value of your home with our home equity calculator.
Your next home project, adventure, and more awaits.
To learn about our mortgage rates* click Let’s Chat in the bottom right corner to connect with a Digital Engagement Specialist.
Get our Home Equity Checklist for your convenience below.
*Mortgage rates are subject to change daily and can increase based on loan amount, loan to value and credit score.
**Loans subject to approval. Limited time offer. Member must use promo code R&R and have a HELOC, Fixed Equity, or Mortgage to receive 3.00% discount on APR. Actual rate will be determined by credit score and loan term. Maximum amount for unsecured loans, including Personal Loans, is $25,000.00. Limit one Personal Loan per member. Equal Housing Lender. NMLS ID 462532.
