Home is What You Make it
For a limited time, Red Rocks Credit Union is offering No Closing Costs1 on Home Equity Loans and Lines of Credit! Use promo code HESPRING19 when speaking with a representative or filling out an application to receive this offer.
1Each Home Equity Loan or Home Equity Line of Credit closed during the promotional period will pay no closing costs. Appraisal fees do not apply and some title fees may not apply to the no closing costs offer. To qualify for the offer, applications must be completed by May 31, 2019 and close no later than June 15, 2019. To obtain a Red Rocks loan, you must have or open a Red Rocks Credit Union membership and maintain a minimum savings account balance of $5. Minimum loan amount of $25,000 required for fixed-rate Home Equity Loan. Minimum advance amount of $10,000 required for HELOC. If a balance of $10,000 isn’t maintained for 90 days after the day the loan is dispersed on your Home Equity Line of Credit, $100 will be charged to your HELOC and interest will accrue on that amount. To take advantage of this offer, members must mention promotion code HESPRING19 to a Red Rocks representative or enter it in the promotion code section of the online application.
Your home is your largest asset. With a home equity loan or home equity line of credit, you can put that asset to work for you! A home equity loan or line of credit allows you to use your home’s equity as collateral for a loan.
You can use home equity credit financing for any purpose, including:
- Consolidating your debt
- Making improvements and repairs to your home
- Buying another car so you can get rid of your old clunker
- Paying for education expenses
- Paying unexpected bills – the ones that creep up on you while you’re not looking
- Paying medical bills
- Purchasing new furniture
No matter what type of home equity loan or home equity credit lines you’re looking for, we can take care of you.
Flexible borrowing starts here! A line of credit works like a credit card: you’re authorized to borrow up to a certain amount so you can access the funds you need, whenever you need them. Use the money to remodel your home, take an amazing trip, or simply to cover additional expenses when needed.
- Variable rate
- Minimum loan amount of $10,000
- Borrow up to 89.9% of the value in your home
- Interest accrues on balance advanced, payment is 1% of balance owed
- Flexibility to use whatever funds you need, when you need them
|*Annual Percentage Rate (APR) for the HELOC product is accurate as of publication date and is subject to change. Published rates are based on approved credit and combined loan-to-value and adjust monthly based on the highest Prime Rate as published in the Money Rates Section of the Wall Street Journal in effect on the 25th of each month of each year. To determine the APR that will apply to your line of credit, we add a margin to the value of the index.|
|Up to 89.9% LTV||5.50%|