Planning for a big home renovation? Buying a new property? Need to fund your child’s college education?
Whatever your big goals may be, a Quorum home equity line of credit can help you get there. Check out our highly-rated HELOC products!
Planning for a big home renovation? Buying a new property? Need to fund your child’s college education?
Whatever your big goals may be, a Quorum home equity line of credit can help you get there. Check out our highly-rated HELOC products!
Borrow up to 90% of your home’s equity, enjoy up to a $250,000 credit line, low rates and interest-only payments for 10 years. So go ahead! Start a business. Pay off credit card debt or buy that cottage on the lake.
Here are some of the benefits you’ll enjoy:
Click on Contact Us button to fill out the contact form and one of our Mortgage Experts will reach out to you shortly.
A HELOC especially made for investment properties!
If you have an investment property or are planning on purchasing one, this line of credit is perfect for you! Our Investment Property Interest-Only HELOC allows you to borrow money against the equity of your investment property. You can use this HELOC to help you with purchasing another property, big renovations, and any other big-ticket items you may have on your list.
Here are some of the benefits you’ll enjoy:
Click on Contact Us button to fill out the contact form and one of our Mortgage Experts will reach out to you shortly.
HELOC RESOURCES
Did you know that Quorum offers a full service, online HELOC Loan Service Center? You can make payments, view your loan activity, download statements, and access other HELOC tools and resources online!
Learn more about the different ways you can make a payment to your HELOC account.
For an unbiased and detailed review of our Home Equity Line of Credit products, read Bankrate’s “Quorum Federal Credit Union: Home Equity 2022 Review”
If you’re a homeowner looking to finance a home-remodeling project, consolidate credit card debt, and/or pay for big-ticket purchases, you may want to weigh the benefits offered by a Home Equity Line of Credit, or HELOC. A HELOC is a line of credit, or amount of money a financial institution agrees to lend you, based on the equity you have in your home. This equity, or the difference between the fair market value of your home and the remaining balance you owe on your mortgage, serves as the collateral, or asset you offer the lender as security, in exchange for the HELOC.
Unlike a first mortgage, which provides a fixed-dollar amount to fund the initial purchase of a home, a HELOC, or second mortgage, helps current homeowners use the equity they have built in their home to fund other purchases. You may even use a HELOC to help with the downpayment on your new home (ask about simultaneous transactions). Continue reading this article to find out whether or not a HELOC is right for you.
Investment Property Interest-Only Home Equity Line of Credit and APR:
Rate discounts: Member must satisfy requirements at account opening and maintain them through the life of the loan to be eligible for the rate discounts.