What is a HELOC and Why Might it Make Sense for Me

What is a HELOC and Why Might it Make Sense for Me

Home Equity Loan

When you need ongoing access to money for ongoing expenses, a home equity line of credit – commonly referred to as a HELOC, or a loan against the equity in your home – might be the solution.

There is no better place to learn about and discuss this type of loan than at Clark County Credit Union. Our advisers will take the time to properly vet this option, but not before ensuring you're fully informed about how a HELOC in Las Vegas works – and when it can work best.

Learn the basics of a HELOC in Las Vegas from CCCU

Take it from the Federal Trade Commission, whose mission is to protect the interests of consumers: "A home equity line of credit is a revolving line of credit, much like a credit card. You can borrow as much as you need, any time you need it, by writing a check or using a credit card connected to the account."

You can simplify the process of pursuing a HELOC in Las Vegas by opening that account at Clark County Credit Union – thereby opening the door to many other opportunities only credit union members enjoy.

How much money can you borrow? If you own and occupy the residence you can borrow up to 95 percent depending on your creditworthiness and the amount of your outstanding debt. You are charged interest only on the amount you withdraw, and through Clark County Credit Union, you can:

  • Make payments automatically from your account.
  • Take advantage of optional, inexpensive payment protection for extra peace of mind.

Situations that make sense to apply for HELOC in Las Vegas from CCCU

A HELOC can be a flexible, stress-free way to help you:

  • Pay for home improvements, especially those that add value to your home
  • Consolidate, pay down or pay off debt, especially debt associated with high interest rates
  • Fund educational expenses or pay off student loans
  • Make a sound and wise investment
  • Start a business

Our advisers at Clark County Credit Union will take the time to answer your questions and carefully assess whether a HELOC in Las Vegas is right for you. You're bound to be impressed by their caring, personal touch and how they take your best interests to heart. Visit CCCU or call 702-228-2228 to apply today.

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