Smart Ways to Cash In On Home Equity

When your home's market value exceeds what you still owe, the difference is known as  home equity. Through CCCU, you can tap into that equity quickly and inexpensively. Pull money out to consolidate debts, remodel, finance college, travel, even start a business. You may be able to write off the interest at tax time, depending upon your tax situation.

Second Mortgage

• Borrow up to your fully approved amount all at once.
• Lock in a fixed custom rate.
• Get low, predictable payments you can live with.

Home Equity Line (HELOC)

• Borrow by making your own advances during an open draw period.
• Finish making monthly payments over the rest of the contracted loan term.
• Get a 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. Property must be located in the state of Nevada. Value based on full appraisal if needed at borrower's expense. LTV required depends in part on borrower's credit condition.