Is Your Home Ready for Winter?
If the answer is "no," then it may be time to take inventory of what needs to be adjusted, fixed or replaced. Then, estimate costs, create a budget and call your Credit Union. We can help you prepare your home for the realities of a Vermont winter through either a Home Equity Loan or Line of Credit.
Put Your Home to Work for You!
If you own your own home, a Home Equity Loan or Line of Credit is a great way to put your home to work for you by using the equity you have to finance home repairs or improvements. You have the option of using the fair market value or tax assessment value of your home to determine how much you can borrow.
So What's the Difference?
A Home Equity Loan is a fixed rate loan which pays a single, lump sum; and a Line of Credit is a variable rate loan which offers a revolving line of credit similar to a credit card — you draw on your funds only when you need them. And the interest on a Home Equity Loan or Line of Credit may be tax deductible. Check with your tax advisor for more information.
Other Options?
Another great loan option for home improvements is the VSECU's Energy Improvement Loan. See more with
Improve Energy Efficiency Today... For Tomorrow.
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