Personal Loan vs HELOC at Fox Communities Credit UnionPosted on by Fox Communities
Is an unsecured It’s About Time Homeowners’ personal loan or a Home Equity Line of Credit right for you?
Most people would agree that the more options you have, the better your chance of finding exactly what you’re looking for – and that’s especially true about the loan options here at Fox Communities Credit Union (Fox). But how do you decide which Fox loan is right for you? Well, the easiest way is to come on over to a Fox location near you (and there are plenty of them) or reach out to our friendly Fox team, and we’ll help you figure out the Fox loan that best fits your needs. But if you like to research things on your own while making your decision, then you’re going to want to read on to learn about the differences between our It’s About Time Homeowners’ personal loan and our home equity lines of credit (HELOC) to figure out which is the right way forward for your financial future.
LEARN MORE ABOUT EVERYTHING OFFERED AT FOX HERE IN OUR BLOG
It’s About Time Homeowners’ Loan: Quick cash without disturbing your home’s equity
If you’re a homeowner in need of quick cash but don’t want to touch your home’s equity – or don’t have much equity to begin with – then an unsecured It’s About Time Homeowners’ personal loan from Fox is right for you. Not only can you get approved the same day you apply, but you’ll also enjoy rates as low as a 8.989% APR*, terms up to 10 years with low fixed monthly payments, no fees or closing costs, and instant money up to $40,000.
HELOC: Tap into your home’s equity to make life happen again and again and again
If you’ve got adequate equity in your home, and you want it to start working for you, it’s time to consider a HELOC from Fox. With a HELOC from Fox, you’ll establish a credit line up to 90% of the equity of your home**, which you can then use for whatever you’ve got in mind. And once you pay back the amount you used, it’s available to use again and again and again.
And like we said up top – if you’ve got any questions at all, please reach out to our friendly Fox team.
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