When it comes to home improvement projects, Consumers members are busy, busy, busy! In our recent Winning Member Wednesday poll on Facebook over 100 members shared their upcoming home improvement projects. After a long winter, lots of you are eager to get started outdoors on landscaping, decks, roofs, and windows. One person is even building a tiki bar! Inside projects are popular, too, with kitchen, bathroom, and basement makeovers at the top of the list.
One member noted, “My list is long and my funds are short!” If you face the same situation, consider a Consumers Home Equity Line of Credit (HELOC). These loans allow you to access cash when you need it at a competitive rate. (Plus, the interest may be tax deductible.)
HELOCs are open lines of credit that can be used and paid on an ongoing basis. Three factors determine the variable interest rate and credit limit: the equity you have in your home, your credit score, and lien position.
The best thing about a HELOC is that you get to use it exactly how you want – including that backyard barbecue you’ve always wanted! Call us at 800-991-2221 or contact us online to apply.
P.S. The winner in our April 6, 2016 poll was Mallory M. who won $25 toward her new wood floors. You have a chance to be a winner, too! Check out our Winning Member Wednesday poll each week on Facebook.