June 22, 2015
Looking for a way to finally get that dream kitchen you’ve always wanted, take that well deserved vacation or finance the expense of college? A HELOC (Home Equity Line of Credit) may be the perfect way to turn your dreams into a reality this summer.
A HELOC is different from a conventional mortgage or home improvement loan. It’s simply a line of credit that allows a homeowner to borrow against the equity of their home for a pre-determined amount; whereas with a conventional mortgage, the amount borrowed is the total amount financed.
HELOCs Rock because they give you the freedom to decide when, where and how to use the money. And the best part -you don’t pay any interest unless you use it!
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With more than 33,000 members, FFCCU is one of the largest credit unions in northeast Ohio. And with plenty of member perks it’s not hard to see why more people are opening accounts with us.