Home Equity Line of Credit (HELOC)

Details: 

• Competitive rates for several ongoing or seasonal needs:
  • Education expenses
  • Major life events
  • Major home improvements
  • Debt consolidation
  • Emergency reserve
  • And much more!
• Variable and fixed rate options available
• Low closing costs
• Generous credit lines based on your home’s value
• 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
  • 5-year draw period
• Funds easily available via in-person, online banking, or phone transfers to a specified Northern Skies FCU checking account 
• The interest paid might be tax deductible*
• Set up automatic payments to be deducted from your account monthly
• Local decision-making and processing right here in Anchorage
• Attentive, friendly service from start to finish

Borrow up to $20,000.00 without any equity in your residence. Closing costs are minimal and since this is a revolving credit line, it can be used over and over again for up to five years.

Details:

• Access funds easily
• Low closing costs
• Use it as you need it
• 5-year draw period
• Competitive variable interest that's only charged on what you use
• Interest payments may be tax deductible*
• Pay it off and use it again
• No need to re-apply