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LifeCU Mobile

Free - On the App Store

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LifeCU Mobile

Free - On the App Store

Home Equity Line of Credit

Funds to get your dreams rolling.

Also know as HELOC

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  • Home Equity Line of Credit 101

    Whether you’re sending a child (or yourself) to college, finally adding that sunroom, or just wanting to have funds in your back pocket, a Home Equity Line of Credit (often called “HELOC”, pronounced hee-lock) can help you balance big expenses with a lot of flexibility. Like a credit card without the plastic, once you’re approved for a total amount to borrow, you’ll make advances (aka withdrawals) up to that amount whenever you want — zero fees or approval required.

    Borrow as you go, pay over time

    You’ll have 10 years to borrow, and 20 years to repay. For the first 10 years of your HELOC, you’ll only pay the interest, and only on the amount you actually borrow. Starting year 11, you’ll begin to repay the borrowed loan amount plus interest, and you’ll have 20 years total to pay back what you use.

    • Get your closing costs covered: When you work with our approved appraisal and title partners, all of your closing costs are on us.
    • Enjoy limitless withdrawals: There’s no limit on how many times you can withdraw funds and no fee for a credit line advancement, so take what you need when you need it.
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