Life is full of the unexpected—that’s certainly a lesson from this past spring—but it can be hard to find flexibility or creative solutions in your finances. Before you answer life’s surprise expenses with your credit card, it might be worth considering using the equity in your home to unlock your financial flexibility.
A Home Equity Line-of-Credit allows you to borrow against the equity in your home over a period of time. It provides a flexible solution for almost anything you can dream up. You could not only fund home improvement projects to help increase the value of your home, you could also consolidate debt, fund a major purchase or simply use it as a safety net for unexpected expenses when life happens.
Because a HELOC is backed by your home’s equity, it typically has a lower interest rate than a credit card, which might provide a needed alternative to accruing high-interest credit card debt. You’ve done the hard work of building that equity in your home, why not use it for your benefit?
Flexible payment options
When you open a new HELOC with Vantage, you have the option to make interest-only minimum monthly payments during the draw period and there are no pre-payment penalties. That means you have more flexibility: lower payments when you need them—and you can pay ahead when you’re able. You determine what best fits your budget!
What could you do with a Vantage HELOC?
Schedule an appointment with one of our Financial Coaches to see if a Vantage HELOC is the right move for you! Or, go ahead and start the application, and let us know if you have any questions!
Use your home’s equity to unlock financial flexibility!
Interested in a $250 cash bonus? Apply for a Vantage HELOC from June 1 though July 15, 2020, and you could get extra cash! *
* Terms and conditions apply. See offer for details.
Vantage Credit Union Home Equity Loans and Home Equity Lines-of-Credit are valid on Missouri and Illinois property only.