Make sure your home is helping you on your financial path. Turn equity into cash you can use for improvements, repairs, or anything else.

Rates

Key Features

  • Competitive Rates
  • Local Processing
  • Quick Decisions
  • Convert the equity in your home into cash you can use 
  • Competitive rates for several short-term or one-time needs: 
    • Education expenses 
    • Major life events 
    • Home remodel projects 
    • Debt consolidation 
    • And much more 
  • The existing equity in your home is used as collateral backing 
  • Accommodating repayment terms that work uniquely for you 
  • The interest paid might be tax deductible* 
  • Quick, local decision-making and processing 
  • Attentive, friendly service from start to finish
  • Turn the equity in your home into ongoing, affordable financing
  • Competitive rates for several ongoing or seasonal needs: 
    • Education expenses 
    • Major life events 
    • Major home improvements 
    • Debt consolidation 
    • Emergency reserve 
    • And much more 
  • The existing equity in your home is used as collateral backing 
  • Accommodating repayment terms that work uniquely for you 
  • Funds available anytime without reapplying; apply once, then use repeatedly thereafter 
  • Revolving credit — as principal is repaid, more becomes available for use 
  • Funds immediately available via online banking, in-person or phone transfers to a specified Trax Credit Union checking account 
  • The interest paid may be tax deductible* 
  • Set up automatic payments to be deducted from your account monthly 
  • Quick, local decision-making and processing 
  • Attentive, friendly service from start to finish
HELOC Amount Rate Type
80% LTV Variable
80% LTV Fixed, 5-year term, 2-year draw
80% LTV Fixed, 10-year term, 2-year draw
100% LTV Variable

*Consult a tax advisor.