Consider a PrimeWay Federal Credit Union home equity loan and take advantage of the value you’ve added to your home. You’ve spent countless hours turning your house into a home over the years. Maybe your family has grown in size during that time and you need to add on to your home. Maybe there are new costs on the horizon such as college or a wedding. Maybe you just want to spruce up your kitchen or bathroom.With a PrimeWay Home Equity or Home Improvement Loan.

What is a home equity loan?

A home equity loan is when you use the equity in your home to borrow money. Equity is the remaining value after you subtract any outstanding loan balance from the home’s market value.

For example, you have a home with a market value of $400,000 mortgage and with an existing remaining balance of $200,000. The amount of equity you have in your home is $200,000. You may be able to borrow against the equity in your home.

Take advantage of the equity that you have built in your home:

  • Consolidate all of your bills
  • Pay off high-interest credit card debt
  • Purchase a new automobile
  • Pay for a child’s college education
 

Apply Online Today

 

  Did you know?

The interest paid on a home equity loan may be tax-deductible? Make sure you contact your tax professional to see if you can take advantage of this deduction.

PrimeWay also offers other loans for every need in your life:

 

 

 

 

Credit Cards

 

 

 

 

Auto Loans

 

 

 

 

Mortgage Loans

 

 

 

 

Secured Loans

*APR = Annual Percentage Rate. Rates as low as 3.84% APR for home equity loans with terms of up to 60 months and loan-to-value ratios of up to 51%, with no closing costs, unless an outside appraisal is required. Appraisal costs are the responsibility of the borrower(s). PrimeWay home equity loans are available only in Texas. Rates and terms are subject to credit, underwriting, loan-to-value limits and property approval. Other rates and terms are available. Programs, rates, terms and conditions are subject to change without notice. Please speak with a credit union representative for details. You should consult your tax adviser regarding your possible tax implications.