As often is the case in life, the unpredictable happens. A Northwest Indiana winter, for instance, can create the needed for spring home repairs, or an unexpected medical emergency can arise requiring you to find cash quickly.
But if your rainy day fund has seen one too many accumulations, there are other options out there, like the Home Equity Line of Credit (HELOC) from Members Advantage Credit Union (MACU).
The HELOC loan is the perfect line of credit for those looking to make sure their rainy day fund is taken care of, and still have some money to enjoy those sunnier days too.
And here’s why:
Unlike a traditional Home Equity Loan, A HELOC from MACU allows you to have your money on your terms with a line of credit that can be accessed over and over again. With a HELOC, you are not advanced the entire sum up front, and you can access your loan like you would a credit card or checking and only take what you need, when you need it.
In other words, with a HELOC, you get the money you need to take care of the now, and the peace of mind in knowing that your rainy day fund will be there waiting for you if you need it again.
Plus, with MACU’s online banking program, you can move the money from your credit line to your checking account 24/7, giving you instant access to cash when you need it using your MACU Visa debit, or even make withdrawals at any of MACU’s shared branches.
It’s just MACU’s way of always putting their members first.
If a HELOC seems like the type of loan that meets your needs, MACU invites you to take a look at their competitive HELOC loans featuring a low fixed rate and payment, financing terms up to 15 years, no application fees or closing costs, and up to 90% financing for qualified home owners.
If you’re interested in getting your financial flexibility back, contact a MACU representative and get started today.