GFA Federal Credit Union

Home Equity Line of Credit

 

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GFA's Home Equity Line of Credit gives you access to funds for ongoing projects. This is a form of credit in which you use your home as collateral. To qualify you must have available equity in your home, this means you owe less on your home than the actual value. You will be able to withdraw funds using checks when you need to pay for large expenses. Or transfer funds from your line to your checking account quick and easily using online or mobile banking to make a purchase with your debit card. 

Apply for a Home Equity Line of Credit

Home Equity Line of Credit Features

  • Low 6 month intro rate
  • Variable rate
  • Use the funds for:
    • Home improvements
    • Debt consolidation
    • Life events - weddings, student loans, medical expenses
  • 10 year draw/10 year payback period
  • Principal and interest payment options available during the draw period

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