房屋净值贷款

A home equity loan allows you to borrow funds using your home as collateral. 

何谓“公平”??

Equity is the current value of your home minus the amount you owe on other mortgages. The amount you can borrow is based on the equity you have in your home. 

How a 房屋净值贷款 Works

Sometimes called a second mortgage, a home equity loan is a lump sum of money you borrow against the equity of your home. Just as your first mortgage is secured by the property, so is the home equity loan. You may qualify for up to 100% of the appraised value of your home, minus the balance of your first mortgage.

You repay the loan with equal monthly payments over a fixed term. 感兴趣 rates are fixed over the life of the loan to allow you to budget best. 

Prefer the flexibility of accessing available funds on an ongoing basis? 考虑一个 房屋净值 Line of Credit.

开始

Your 元素 房屋净值贷款 is best for purchases such as:

• Planned home-improvement projects
• College (paying off student loans or paying 学费 directly)
• 第二个家
• 债务合并

开始

There are benefits and trade-offs to all loans, especially when it comes to paying off major expenses. Both of the home-equity options allow you to borrow against the appraised value of your home, providing you with cash when you need it. Here are some of the differences:

房屋净值贷款

A home equity loan is more like your original home mortgage. You borrow a specific amount, and then you make regular payments during a fixed repayment period. You apply for the amount you need and receive the money upfront in a lump-sum single payout. 感兴趣 rates are fixed over the life of the loan so your payments never change. 

房屋净值 Line of Credit

Unlike a conventional loan, a home equity line of credit is something you establish ahead of time and use when and if you need it. In that way, it’s similar to a credit card, except with a HELOC, your home is used as collateral. You can access as much or a little as you need from your HELOC, whenever you need it, up to the credit limit established at closing. A HELOC gives you the flexibility to borrow against your home equity, repay and repeat. 感兴趣 rates are variable and often lower than a home equity loan.

Use the chart below to determine which is better for your needs. 一如既往地, your support team at 元素 is ready to help you find the product that is best for you—just give us a call at 1-317-542-5055.

There are no prepayment penalties or an annual fee associated with a home equity loan. Closing fees typically run between $538 to $641.

You will be given the funds in a lump-sum single payout at closing. The funds can be given to you by check or direct deposit into an account of your choosing.

We do offer consolidation loans to consolidate bills and pay off other debts. A 房屋净值贷款 (see information on this page) can be used for that purpose. Other options available to most members include 个人贷款, 房屋净值 Line of Credit甚至是第一次 抵押贷款再融资 with a debt consolidation option.

Like a Bank, Only Better!

更好的利率. 更少的费用.

Because we’re a credit union, we return profits to members in the form of reduced fees, higher savings rates and lower loan rates.

可信的建议. 新鲜的方法.

We pride ourselves in being a trusted source for financial education. We come to your workplace to answer questions and can provide you with personalized guidance about your loan.

尊重当地. 在全球范围内访问.

Headquartered in 印第安纳波利斯 since 1930, we rank among the top 3% of credit unions nationally¹. We serve members in all 50 states and 50+ countries. You’ll have access to 5,000+ shared branches nationwide and 78,000+ surcharge-free ATMs globally.

高科技. 人类接触.

Our technology makes banking with 元素 easy. From quick digital applications to online and mobile banking, we’ll be by your side wherever you go. We’re here for you with member service available 24/7 and live chat during the workday.

开始

3 Easy Steps to Apply

1. 在线申请 - You can apply online in as little as 10 minutes! Submit your application anytime or call 1-800-561-9433 开始吧. Have ready your government-issued ID (driver’s license, 状态标识, or passport) and estimates of your household income, 资产, home value and price you paid for your home.
2. 接我们的电话 - We'll contact you within one business day after you submit your application to go over what documentation we'll need and to answer your questions.
3. Schedule your closing - We'll contact you with a decision within 10 business days and schedule a closing at a location convenient to you if approved. 就是这样—— your loan can be put to work!

马上申请