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Home Equity

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financial planning icon   Financial Planning
mortgage iconDebt Consolidation

Make Your Home's Value Work for You!

What dream can your home help you check off your bucket list?

You have worked hard for your home, now make your home work for you with a Home Equity Loan1 or Home Equity Line of Credit (HELOC) from Texas Bay. The equity in your home is your door to endless possibilities.  

Take advantage of your home's equity by borrowing for what you need...

  • Home Improvements
  • Consolidate Debt
  • New Pool
  • Land Purchases
  • Tuition Payments
  • Vacations
  • And MORE...The Choice is YOURS!

A Home Equity Loan gives you a lump sum up front to pay for your expenses. You make fixed payments at a fixed interest rate over the life of the loan. A Home Equity Loan is great option when you know exactly how much you need to borrow. For instance, an extensive home remodeling project or debt consolidation.

Begin the application process TODAY!

A Home Equity Line of Credit allows you to tap into your home's value as needed. HELOC's are great for smaller home renovation or repair projects that are spread out over time or if you are looking for that financial cushion for commission or self-employed income.  You have the flexibility to borrow, with a variable rate, as much or as little as you need up to your limit, repay it all or in part, and borrow again over the life of the HELOC withdrawal term.  

Ready to begin your application or interested in finding out more information on HELOC's?

Interested, but not quite sure what option, a Home Equity Loan or HELOC, work best for you?

Our Financial Service Representatives are here to help answer all your questions and assist you in finding the best option to help you reach your financial goals.

¹Loan amount cannot exceed 80% of the collateral value, less outstanding liens.  Generally (except for Title Policy and Appraisal costs), closing costs will be paid by the Credit Union; however, in some instances, certain other costs will be paid by the member.  Interest paid on a Texas Bay Home Equity Loan might be tax deductible; please consult your tax advisor.  Credit criteria applies.
²Relationship Product Discounts lower your rate up to a .50% reduction from the standard rate.  The standard rate is based on your credit at the time of application.  Discounts per product vary.  A combination of products reach up to .50% rate deduction.
If you don’t have a home or sufficient equity, consider a Texas Bay Personal Loan.