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    • E-Access
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    • Account
      • Become a Member
      • Savings
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  • Home
  • E-Access
    • E-Branch Plus
    • Visa Credit Card
    • Pay Your Bills - Old
    • Member 1st Mortgage (New)
    • CU Mortgage (Previous)
  • Account
    • Become a Member
    • Savings
    • Checking
    • CDs
    • IRAs
    • Business Accounts
    • Money Market
    • Deposit Rates
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  • Loans
    • Auto
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Home equity

Start imagining the possibilities!

 

What is a Home Equity Loan?

A home equity loan is a type of loan that allows you to borrow money using the equity in your home as collateral. This means you can use the loan to finance various expenses, such as home improvements, debt consolidation, or major purchases.


Benefits of a Home Equity Loan

  • Lower Interest Rates: Home equity loans often have lower interest rates compared to credit cards or personal loans.
  • Flexible Terms: You can choose a repayment term that suits your financial situation.
  • Tax Deductibility: In some cases, the interest on a home equity loan may be tax-deductible.

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Concho Educators Federal Credit Union

3215 W Loop 306, San Angelo, TX 76904

Federally Insured by NCUA | Equal Housing Lender

© 2023 Concho Educators Federal Credit Union.  All Rights Reserved

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