The Rest of Your House Can Pay for It
The equity in your home can be the best way to afford dreams now
It can be really tough trying to save up for big dreams. Like putting in a new kitchen or doing other remodeling. Or paying off high cost credit cards and other debt. Or sending the kids to college. Or finally taking that dream vacation.
The equity you have in your home—which is approximately the amount it’s worth minus what you owe on it—can provide the funds you need for dreams that can’t or shouldn’t wait.
Compared with consumer loans, a home equity loan offers a lower rate, higher loan amount (up to 80% of equity), and smaller payment. For most of our members, the interest is also tax deductible (check with your tax advisor).
You have a choice of a lump sum fixed rate loan or a variable rate line of credit that lets you take advances as needed. Either way, the rates are competitive and fees low at TCU.