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Being a homeowner can open a door for you to express your creativity through value-boosting upgrades. One of the greatest advantages of owning a home is the opportunity to build equity. You can use that equity in your home for big expenses like home improvements and paying off high-interest debts.
Subtracting your mortgage balance from your home’s market value will estimate the amount you could borrow with a Home Equity Loan or Home Equity Line of Credit (HELOC).
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Some financial institutions may only lend up to 80% of your home’s value, but with Proponent Federal Credit Union you could borrow up to 95%. Proponent is also offering a promotional rate of 0.00% APR* for 6 months on a HELOC. Plus there are no application, appraisal or closing costs.
Here are just a few ways to use your Home Equity.
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- Update space: Change up your basement, kitchen, or bathroom.
- Think outside: Improve your deck, replace your roof, or reshape your yard.
- Highlight details: Freshen up walls, purchase new furniture, or add window treatments.
- Repair & prepare: Fix what’s on your list and be ready for the unexpected.
- Chill out: Install a swimming pool or set up a game room.
*Click here to view details and eligibility information, or fill out our request form to be added to our email list.
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