Home Equity Line of Credit

Home Equity Line of Credit

Your home is one of the largest investments in your life — put that investment to work with a home equity line of credit. A HELOC can provide the financing you need to replace that roof or make other improvements to your home, as well as to give you some financial cushion for unexpected needs.

Unlike a loan, a line of credit can be withdrawn repeatedly without having to reapply. So you’ll have ongoing access to your credit when you need it.

  • Competitive rates for several ongoing or seasonal needs:
    • Education expenses
    • Major life events
    • Major home improvements
    • Debt consolidation
    • Emergency reserve
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms that work uniquely for you
  • Funds available anytime without reapplying; apply once, then use repeatedly thereafter
  • Revolving credit — as principal is repaid, more becomes available for use
  • Funds easily available via in-person or phone transfers to a specified Cooperative Center checking account
  • The interest paid might be tax deductible*
  • Set up automatic payments to be deducted from your account monthly
  • Local East Bay area decision-making and processing
  • Helpful, customized service throughout the entire process

Learn more about home equity lines of credit.

*Consult a tax advisor regarding deductability of interest or fees.