A home equity loan may have a variable interest rate or a fixed interest rate. Proceeds can be used for anything you may need assistance with including but not limited to: home remodeling, tuition, and bill consolidation. You may choose a Home Equity fixed rate loan and receive your funds in a lump sum or a Home Equity Line of Credit, a variable interest rate loan that has the flexibility to draw funds on the line of credit upon request.
Home equity loans from Brewery Credit Union allow members to tap into the value of their home to cover important expenses or reach financial goals. Whether you need funds for home improvements, education, or consolidating high-interest debt, our flexible home equity options provide affordable financing with clear terms and competitive credit union rates.
Members can choose between a fixed-rate home equity loan with predictable payments or a Home Equity Line of Credit (HELOC) that offers convenient access to funds when needed.
Home Equity Line of Credit (HELOC)
A revolving line of credit, utilizing the equity in your home, that allows you the flexibility to borrow what you need, repay it and borrow again. A HELOC works much like a credit card, giving you ongoing access to funds during the draw period. You only pay interest on the amount you use, making this option ideal for ongoing projects, home renovations, or unexpected expenses.
Key Benefits of a HELOC:
- Flexible access to funds
- Interest charged only on what you use
- Great option for phased projects
- Competitive credit union rates
Fixed Rate Home Equity Loan
A fixed rate loan, utilizing the equity in your home, that offers a lump sum payment and fixed monthly payments. A fixed-rate home equity loan provides a one-time lump sum with consistent monthly payments, making it a smart choice for larger expenses where stability matters.
Key Benefits of Fixed Rate Home Equity Loans:
- Predictable monthly payments
- Locked-in interest rate
- Ideal for major one-time expenses
- Budget-friendly repayment structure
Why Choose Brewery Credit Union
- Competitive credit union rates
- Local, personalized service
- Solutions for members with average or challenged credit
- Clear terms and guidance throughout the process
Membership Matters
You must be a member of Brewery Credit Union to apply for a Home Equity Loan or HELOC. Membership gives you access to better rates, helpful financial guidance, and a credit union that puts your needs first.
Call to Action
Ready to put your home’s equity to work?
Apply online or contact Brewery Credit Union today to speak with a lending specialist about your Home Equity Loan options.
Frequently Asked Questions
A home equity loan gives you a lump sum with fixed payments; a HELOC is a flexible line of credit you draw from as needed.
Absolutely. Many members use equity to consolidate high-interest debts into one manageable payment.
Brewery Credit Union works with members of all credit backgrounds to find the best possible solution.
Yes, membership with Brewery Credit Union is required to apply for home equity loan products.
Yes, many members use home equity loans to combine high-interest debt into one manageable payment.
Yes. Brewery Credit Union focuses on helping members find solutions, even if credit history isn’t ideal.