Which Home Equity Product are you interested in?
SAFE offers two home equity products that let you access your home's value. With competitive rates and flexible terms, our home equity solutions can put cash in your pocket for a variety of needs like when an emergency arises, or your home needs rennovations. Take a look to see which product suits your needs best.
HOME EQUITY LINE OF CREDIT H.E.L.O.C.
(ADJUSTABLE RATE)
SAFE's Home Equity Line of Credit (HELOC) allows you to borrow against the equity in your home. Unlike a traditional loan, a HELOC is a revolving line of credit, similar to a credit card, where you can withdraw funds as needed up to a predetermined limit. Interest is only charged on the amount you borrow. Most members use a HELOC for home improvements, debt consolidation, or other large expenses.
HOME EQUITY LOAN
H.E.LOAN
(FIXED RATE)
SAFE's home equity loan allows you to borrow money against the equity you have in your home. Unlike a home equity line of credit (HELOC), which operates like a credit card with a revolving line of credit, a home equity loan provides a lump sum of money upfront. You'll have a fixed interest rate and predictable monthly payments over a set term. Most members use this type of loan for one-time expenses.