房屋净值 Line of Credit

A 房屋净值 Line of Credit, also known as a HELOC, allows you to borrow funds using your home as collateral.

何谓“公平”??

Equity is the current value of your home minus the amount you owe on other mortgages. The amount you can borrow is based on the equity you have in your home. 

How a Line of Credit Works

You can access as much or a little as you need from your HELOC, 当你需要的时候, up to the credit limit established at closing. 就像信用卡一样，你可以根据自己的消费限额随时借款, a HELOC gives you the flexibility to borrow against your home equity, 回报并重复.

您可以在利记轻松地从您的HELOC转账到您的元素支票账户. 元素还将提供Equity Access Visa®卡和支票，您可以使用这些卡轻松地直接使用HELOC资金进行购买.

There are two phases to a HELOC:

• Draw Period: Initial 10 years when you can borrow from the credit line.
• 还款期:15年后，当你偿还借款加上利息与固定利率贷款.

利息的特性

利息支付s are featured during the first 10 years of the line of credit. 在这之后, 借款金额转换为固定的贷款支付结构，以便在未来15年内支付全部余额和利息.

开始

Prefer predictable monthly payments that stay the same and a lump sum payout? 考虑一个 房屋净值贷款.

是的，你真的可以! 您可以使用元素房屋净值信贷额度(HELOC)来支付主要费用，例如:

• 家里的改进
• College (paying off student loans or paying 学费 directly)
• 那个大假期
• 一辆新车
• 第二个家
• 医疗费用
• 债务合并
• Unexpected emergencies
• 这取决于你! 

申请HELOC

An 元素 房屋净值 Line of Credit (HELOC) allows you to pay 只需支付长达10年的利息成本，而无需偿还贷款余额. Then the balance converts to a 15-year loan, and you must begin making payments, including interest and principal to pay off the debt, or apply for a new HELOC if you still have equity in your home.

只付利息的功能让你在最初的期限内每月支付的费用很低，可以释放现金流，这样你就可以选择如何以及何时花钱.

例如，您的HELOC余额为10,000美元，您每月只需支付约10美元的利息.

申请HELOC

There are benefits and trade-offs to all loans, especially when it comes to paying off major expenses. 如果你拥有自己的房子, 房屋净值信贷额度通常是最灵活和负担得起的选择，用于家庭装修等重大购买, 支付大学学费, or even a 大的假期.

在下面的图表中比较不同类型的贷款产品，以确定哪种最适合您的需求. 一如既往地, 您在元素的支持团队随时准备帮助您找到最适合您的产品，请致电我们 1-317-542-5055.

确定! 你的家可以作为一个安全网，当生活抛给你一个曲线球:你的炉子熄灭了, you have unplanned 医疗费用, 有人丢了工作, your car repairs cost more than you’re ready for—you get the idea. If you’ve already secured a HELOC, 你会为这些紧急情况做好准备，因为你可以立即从你的信用额度中提取资金. Of course, you won’t have anything to pay back until, or if, you draw on the HELOC. So, 是的, 通过主动申请元素 HELOC来利用你最大的优势是个好主意.

开始

There are no closing costs, 预付处罚, or an annual fee associated with a home equity line of credit.

An appraisal fee may be necessary, depending on the value and equity of the loan.

您可以通过在线银行将资金从您的HELOC账户转移到您的元素支票账户，轻松轻松地访问您的股权. 元素还将提供房屋净值 Access Visa®卡和支票，您可以使用这些卡和支票轻松地直接使用HELOC资金进行购买.

You can access as much or as little as you need from your HELOC, 当你需要的时候, up to the credit limit established at closing. 就像信用卡一样，你可以根据自己的消费限额随时借款, a HELOC gives you the flexibility to borrow against your home equity, 偿还, 和重复.

We do offer consolidation loans to consolidate bills and pay off other debts. 房屋净值信贷额度(见本页信息)可用于此目的. Other options available to most members include 个人贷款, 房屋净值贷款甚至是第一次 抵押贷款再融资 with a debt consolidation option.

Like a Bank, Only Better!

更好的利率. 更少的费用.

Because we’re a credit union, we return profits to members in the form of reduced fees, higher savings rates and lower loan rates.

可信的建议. 新鲜的方法.

We pride ourselves in being a trusted source for financial education. We come to your workplace to answer questions and can provide you with personalized guidance about your HELOC.

尊重当地. 在全球范围内访问.

自1930年以来，我们的总部设在印第安纳波利斯，在全国信用合作社中排名前3%³. We serve members in all 50 states and 50+ countries. 您可以使用全国5000多家共享分行和全球78000多台免费atm机.

高科技. 人类接触.

Our technology makes banking with 元素 easy. 从快速的数字应用程序到在线和移动银行，无论您走到哪里，我们都会在您身边. 我们在这里为您提供全天候会员服务，并在工作日进行实时聊天.

开始

3个简单的步骤应用

1. 在线申请 - You can apply online in as little as 10 minutes! Submit your application anytime 或打电话 1-800-561-9433 开始吧. Have ready your government-issued ID (driver’s license, 状态标识, or passport) and estimates of your household income, 资产, home value and price you paid for your home.
2. 接我们的电话 - 我们将在您提交申请后的一个工作日内与您联系，查看我们需要哪些文件并回答您的问题.
3. 安排收盘时间 - 我们将在10个工作日内与您联系，并在您方便的地点安排关闭，如果批准. 就是这样—— your line of credit is open!

马上申请