Make the Equity in Your Home Work for You
Choosing the right home loan program that is best suited to your needs and financial situation is the first most important step.
A Home Equity Line of Credit is a form of revolving credit in which your home serves as collateral. And since your home is most likely your largest asset, why not put it to work for you and take advantage of all the benefits a C•U•D HELOC offers! Access to your money is easy and our Equity loans are flexible enough to fit your specific needs for home improvements, bill consolidation, college tuition, a family vacation or whatever you can dream up!
Credit Union of Denver is your trusted financial resource that has your best interests at heart. We will be on your side to help you through each and every step of the way!
HELOC – Home Equity Line of Credit. See our current special
Use your equity like a credit card. You qualify for a certain amount and draw on it as you need and pay back the amount in payments like you would a credit card. The re-payment terms have a 1% payment on balances during the first 10 year draw period. We offer a protected MasterCard HELOC card that comes with Member Card Alerts. You will be issued a MasterCard with your HELOC and checks (if you elect them) to access your equity funds.
Member Card Alerts – what is it?
These are alerts that you set up to notify you of certain types of account activities. You can elect to have alerts sent to you via email and/or text messaging (keep in mind your phone plan to know if there are extra charges involved) for any or all of the following reasons:
- Purchases over an amount of your choosing
- Online purchases – Card is not present at time of purchase
- International transactions – (email alerts only when traveling)
- Declined purchases
Bonus: Setting up Card Alerts is a great way to monitor your accounts without having to login! Learn more Card Alert details, how to get signed up and view the FAQ’s.
- Follow this link to sign up your HELOC MasterCard for Card Alerts today!
- Check out how our home equity loan choice will work best for you. Read Our HELOC Disclosures Here.
- HELOC rates as low as 4.74% APR through 12/31/2020!
- $0 Annual Fee
- $0 Closing Costs, in most cases
- 80%-100% LTV
- Access funds via check or credit card
- Ability to re-use funds as you pay down the balance
To speak to a loan specialist, please call 303.202.5659 or 800.489.7852
Credit Union of Denver NMLS#417000 .
Experience Smart Banking – Call 303.239.1150 or 800.279.3288 today
Another option is a Fixed Rate 2nd Mortgage. Read more about it here.