A Piedmont Credit Union Home
Equity Line of Credit is an excellent way for members to obtain
money needed for large projects, purchases, or expenses.
It utilizes the equity built up in your house and like any
mortgage loan, the interest paid on this type of loan is tax
deductible. It is a great way to consolidate debt, buy a second
home, buy a car, or pay for home improvements.
Direct Deposit or Payroll
Deduction Payments to fit your unique pay schedule.
Borrow up to $250,000. or up to 90% of the
appraisal value of your house.
Fixed Rate Loans up to 10 year
amortization period
Variable Rate Loans up to 15 year
amortization period
Home Equity Credit Line funds can
be accessed in person or over the phone for transfer into a share
account. A minimum initial withdrawal of $15,000 is required, and a
zero balance will result in a closing of the credit line. (There is
a fee if the balance is zero)
At this time the $150. application
fee and closing costs are waived when you borrow at least $15,000.
on a Home Equity Line of Credit.
