Whether you loved your house from the start but now want to do some sprucing up, or you had big plans for it from the very beginning, a home equity loan or home equity line of credit (HELOC) from Fox Communities Credit Union can make those big plans — and big dreams — come true.
If it’s time to remodel the inside of your home, the outside of your home, or everywhere in between, a home equity loan or line of credit from Fox will give you the funding needed to turn your home into the house of your dreams by completing projects such as:
· Remodeling your kitchen into a 5-star chef’s dream
· Designing and building a relaxing backyard oasis
· Creating the luxurious bathroom you’ve always envisioned
And more! The options are limited only by your imagination. The only question is — is a home equity loan or a HELOC right for you?
Borrow money in one lump sum and make monthly payments for the life of the loan, using the equity in your home to achieve your next big financial goal.
You made your house a home, now let it help you achieve the rest of your dreams by using its equity how you want to, when you need to.
The following example is based on a $100,000 home value, using 90% of the equity to determine loan/line amount with $50,000 in outstanding lien loan balance:
$100,000 home value x 90% = $90,000
$90,000 – $50,000 outstanding loan
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