Prepare for the Unexpected with a Home Equity Line of Credit

In a perfect world, nothing in your home would ever break, malfunction, or wear out. However, if your roof leaks, basement floods, or furnace falters, a Home Equity Line of Credit (HELOC) may be a good option for covering the cost of repair or replacement.

Establishing a HELOC ahead of time means you are prepared if a costly repair is needed. With a HELOC, you are extended a fixed line of credit and you can use as much or as little as you need. You are borrowing against the equity you hold in your home at an interest rate that is usually lower than that of a credit card or personal loan. Once approved, access to your funds is easy at DCCU – simply make a transfer to your checking account using Online Banking or the Mobile App.

Things to Keep in Mind:

  • Money drawn from a HELOC is a loan, with your home as collateral
  • You start paying the loan back right away
  • You can re-borrow from the principal as payments are made

Establishing a HELOC ahead of time means you are ready should an emergency arise.

Terms, restrictions, and fees apply. For complete cost and terms, visit mydccu.com or call 1.800.245.8085. Eligibility required. Equal Housing Opportunity. 

help desk software

External Link Notice...

You are about to open a webpage that is not controlled or owned by DCCU. DCCU does not contribute to the content displayed on this website and does not represent you or the third party in transactions conducted via external links. Please be aware that information security and privacy policies may differ from those implemented by DCCU.

Accept Cancel