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, Home Equity Line of Credit (HELOC) 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


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





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