Mortgages and Home Loans

Home Equity Line of Credit

With a home equity line of credit (HELOC), you can borrow money against one of your greatest assets… your home. Much like a credit card, a HELOC gives you the flexibility to pay down your credit line and access funds as you need them.

Prefer a home equity loan with a single, lump-sum of money at a fixed rate?
Check out our Goldenwest Home Equity Loan.

A HELOC is a convenient and cost-effective option to finance home improvement projects or consolidate debt. You can also access the account to pay for vacations, weddings, college tuition, or whatever else life brings your way.

Benefits of a Home Equity Line of Credit

  • 2.39% APR Fixed for the first six months - 20-year term*
  • 2.39% APR Fixed for advances on existing lines of credit**
  • 15-year term - 3.25% APR Variable (Prime Rate + 0%)
  • No Fees or closing costs
  • Visa Platinum Card for convenient access to funds
  • Interest paid on a HELOC may be tax deductible

Interest-Only Home Equity Line of Credit

Goldenwest is offering a special interest-only Home Equity Line of Credit that can significantly lower your monthly payments and increase your cash flow.

  • 4.25% APR Variable (Prime Rate + 1%)
  • Interest-only payments for the first five years
  • 20-year term
  • No fees
  • Interest paid on a HELOC may be tax deductible

*Offer valid current as of 01-26-2015 on approved credit. After the initial 6 months introductory reduced rate period, the rate will revert back to the rate of Prime + .25%. Prime Rate is 3.25% APR as of 1-1-2015. All rates and offers available for a limited time and subject to change without notice. Other restrictions apply. Home equity loans and lines of credit have a maximum variable APR of 18%. Fees may apply if closed within 24 months. Click here for a full list of rates and terms.

**The 2.39% APR will apply to purchases, cash advances and balance transfers on existing lines of credit through June 30, 2015. On July 1, 2015, the interest rate on any outstanding balances still owing will revert to variable rate based on the Wall Street Journal Prime Rate plus or minus the margin stated in your original home equity line of credit agreement. Maximum rate over the life of the loan is 18%. The maximum advances plus any balances already outstanding cannot exceed your maximum approved unexpired credit limit. If your loan becomes 30 or more days delinquent at any time during the promotional period, the promotional interest rate will be terminated and the APR on the unpaid balance will revert to the variable rate based on the Wall Street Journal Prime Rate in effect at that time plus or minus the margin stated in the original Home Equity Line of Credit agreement. All other terms and conditions of your Home Equity Line of Credit agreement remain in full force and effect. Goldenwest Credit Union reserves the right to discontinue or modify this promotion at any time without notice.

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Call 1-800-283-4550
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