Home Equity Lines of Credit

Whether it's home improvement, debt consolidation, or an unexpected expense - now is the perfect time to unlock your home's equity at a great low rate!

Your home could change a lot in 5 years... Your rate won't

 

Home Equity Line of Credit

• 3.69% APR* fixed interest rate for 5 years

Interest only payments for the first 10 years

Total term of 20 years

Conveniently access funds  online or by phone

Borrow as much or as little as you need from your credit limit

Click Here to Apply Today

 

*APR=Annual Percentage Rate. APR is accurate as of 4/1/2020. Lock in your introductory Annual Percentage Rate (APR) of 3.69% for 5 years from the date of agreement. After the 5 year introductory rate the variable rate will be determined by your loan to value ratio and credit score. The minimum loan amount is $10,000. Existing home equity line of credit or home equity loan members must increase their loan by $10,000 to qualify for promotion. Interest only payments for the first 10 years and then payments are amortized the remaining 10 years of the loan.  The monthly payment example for a $10,000 line of credit during the first 5 years at 3.69% is $30.75/month. Loans subject to credit approval. The dwelling must be owner occupied, secured by a primary single-family residence and must be insured including flood insurance, when required. Closing costs are a minimum of $376.25. Appraisal fees may apply. The applicant will be responsible for costs incurred if the loan is withdrawn or unable to meet approval conditions. This offer is available for Nebraska and Iowa properties within Cobalt Credit Union’s lending area. Interest may be tax deductible, consult your tax advisor. Additional limitations may apply. Offer begins on 4/1/2020 and ends 5/31/2020.  Federally insured by the NCUA. Equal Housing Opportunity.

Get the financing you need at a low rate everyday

Even if you don't currently have a need for cash, an open-ended Home Equity Line of Credit is a wise move. You can draw on it should the need arise and you won't pay any interest until you use it. You have complete control of borrowing whenever and wherever you need it.

Application Process:

  • Proof of Income
  • Homeowner's Insurance Policy w/agent's name, address, and phone number
  • Real Estate Tax Statement
  • Statement of current mortgage balance
  •  

Click Here to Apply Today


*The dwelling must be owner occupied, secured by a primary single-family residence and must be insured (including flood insurance, when required). The minimum line amount is $10,000 and the maximum line amount is $150,000. Existing HELOC members must increase their limit by $5,000 to qualify. You may be required to pay certain fees which generally total up to $410. If an appraisal is required an additional cost of at least $425 is at the borrower’s expense. There is no annual fee or early termination fee. Offer subject to credit approval. Consumer accounts only. This offer is available for Nebraska and Iowa properties within Cobalt Credit Union’s lending area. Interest may be tax deductible, consult your tax advisor regarding your situation. Additional limitations may apply. Contact a Cobalt Credit Union representative for complete offer details. Federally Insured by NCUA. Equal Housing Lender.

Want to know more about home equity lines of credit?

Check out our blog: What is a Home Equity Line of Credit?