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!
Get the financing you need at a super low rate today!
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.
- Proof of Income
- Homeowner's Insurance Policy w/agent's name, address, and phone number
- Real Estate Tax Statement
- Statement of current mortgage balance
*Annual Percentage Rate. Rates are accurate as of 10/17/2018 and are subject to change without notice. Receive the introductory Annual Percentage Rate (APR) of 2.99% for the first twelve months from the date of agreement. After twelve months, the APR is variable based on the Wall Street Journal Prime Rate plus a margin of 0.00% to 3.50%. As of 10/17/2018, the Wall Street Journal Prime Rate as published in the Wall Street Journal is 5.25%. Your margin will be determined upon credit approval and your available equity. The APR will never be less than 4.25% no matter how low the Prime Rate is and will not exceed 18%. 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.