NEFCU offers home equity financing as a fixed-rate term loan or as a revolving line of credit. Choose the loan that is right for you.
Take out this type of equity loan in a specific amount and repay over a set term.
Borrow what you need when you need it. Repay by making monthly payments. A HELOC is a revolving line of credit, so as you pay down your balance due, your available credit increases.
1 APR = Annual Percentage Rate