The adjustable open-end home equity line of credit is a flexible account that is a good option for homeowners who have occasional, or irregular, needs for cash.
With a line of credit, you receive a specific credit limit, based on the equity in your home, and you only pay interest on the amount you use. Payments revolve back into your credit line as available funds. The
rate is determined by the prime rate listed in the
Wall Street Journal.
Advantages to a GECU Home Equity line of credit:
No application fee
No closing fees*
No annual fee
Borrow up to 90% of your home's equity*
No minimum balance requirements
No prepayment penalties
FREE Checks
Make transfers from your line of credit into your savings or checking whenever you need it - 24-hours a day with Online Banking*
Tax deductible*
This line of credit is available for a 10-year period with a 5-year repayment period.
Contact us for more details regarding our great home equity line of credit!
