Dreaming of your own backyard oasis?

Home Equity Line of Credit

A Home Equity Line of Credit (HELOC) from DCCU is a smart way to use the equity in your home to get the money you need - for home remodels, education costs, and more. And it's a great way to consolidate debt!

A HELOC is different than a Home Equity Loan because it is a revolving line of credit. Home Equity Lines of Credit have many benefits, including:

• No fees
• Great low rates
• A streamlined application process
• Accessing your line of credit is easy - simply make a transfer to your checking account within Online Banking or Mobile Banking
• The principal can be re-borrowed as payments are made

Home Equity Loan

A home equity loan is another type of home equity financing in which the full amount of the loan is advanced up front, rather than drawing from available funds as needed, like with a home equity line of credit. The loan is repaid in fixed monthly payments, similar to the original mortgage. 

A home equity loan could be a good choice if:

• You prefer a loan with a fixed monthly payment
• You want to take advantage of tax savings (contact your tax advisor)
• You want to repay your loan quickly

DCCU offers home equity loans with 5 and 10 year terms.