Home Equity Lines of Credit let you borrow money using the equity in your home as collateral. Unlike almost any other consumer loan type, the interest on a home equity loan or HELOC may be tax-deductible (consult your tax advisor).
Home Equity Line of Credit (HELOC) - Much like a credit card or any other type of open-ended credit.
Sample payment: Assumes credit score for borrower is 740 or higher. A typical Home Equity Line of Credit as of July 17, 2018 with a 5.00% APR, and $30,000 financed for 20 years, is approximately $198.00 per month. All closings costs paid by KFCU.