Smart Ways to Cash In On Home Equity

Over time your home value appreciates. The difference between its current market value and what you still owe is your home equity. Through CCCU, you can tap into that equity quickly and inexpensively.

Get a smart loan of at least $10,000. A rate far lower than credit cards. Avoid junk fees, hidden fees, annual fees, prepayment penalties, even the cost of an appraisal (unless you request one for a higher valuation). Pull money out to consolidate debts, remodel, finance college, travel, even start a business. Write off the interest at tax time.

Second Mortgage

• Borrow up to 75% LTV* (loan-to-value) all at once.
• Lock in a fixed custom rate for up to 15 years.
• Get low, predictable payments you can live with.

Home Equity Line (HELOC)

• Borrow up to 75% LTV* as you need it over 5 years.
• Take up to 10 more years to repay it.
• Get a low variable rate (that may change quarterly).
• Write yourself a loan by check, as you need it.
• Pay interest only on what you borrow. Monthly payment will change any time you advance your balance.

Either way:

• Refinance the Home Equity Line or Loan you have elsewhere to cut your payment or pull out more equity.
• Make payments automatically from your CCCU account
• Take advantage of optional, inexpensive payment protection insurance for extra peace of mind.
• Apply by phone (702) 228-2228.
• Get a fast answer, a quick closing.
• A CCCU equity loan can increase your Membership Level for even more free services!

*Loan-to-value= your home value minus your first mortgage and any other liens. Property can be primary or secondary residence or for investment. Must be in Nevada or selected counties of southern Utah (Washington, Kane, Beaver, Iron, Garfield). Value based on tax valuation, drive-by appraisal or full appraisal at the member's expense if needed. LTV depends in part on borrower's credit condition.