The Tennessee Credit Union
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Home Equity Line of Credit

Home equity line of credit

Borrow against the equity in your home and use the funds for what you need, when you need it. Enjoy financial flexibility. Comfortably finance your next big expense, get started on home improvements, take a well-deserved trip or consolidate unwanted debt.

Your house is used as collateral and the line of credit is based on a percentage of the value of your home. The more your home is worth, typically the larger your line of credit can be.  As you repay your outstanding balance, the amount of available credit is replenished, so those funds are again available to you. It’s an easy way to leverage your home to benefit other areas of your life.

Advantages

  • Borrow as much or as little as you need*
  • Access your funds at any time
  • Low variable rates*
  • Interest may be tax-deductible. (Consult a qualified tax professional for tax related advice.)

Get started today.

APPLY NOW          RATES


*The Annual Percentage Rate (APR) is based on evaluation of applicant’s credit qualifications and associated Loan-to-Value (LTV) ratio. The variable APR in effect for your account, as low as 4.75% APR, based on the Prime Rate as disclosed in the Wall Street Journal plus or minus a margin based on your credit history. The variable rate is subject to change each quarter thereafter as stipulated by your original terms and conditions. Maximum APR is 18%. Other conditions may apply. Advance amounts must be within your existing credit limit. You may not pay off or make payment to other TTCU loans, credit cards or accounts with these proceeds. Membership with TTCU is required to obtain a loan.