Unlock your home’s potential with our Fixed Home Equity Line of Credit (HELOC)—a unique loan option designed to give you flexibility and stability when borrowing against your home’s equity.
This product offers the benefits of a traditional home equity line while ensuring fixed rates for the entire loan term, protecting you from rising interest rates.
Key Features
- Must own your home.
- Can only be in 1st or 2nd lien position.
- Fixed rates throughout the entire loan term for predictable payments.
- Maximum Loan-to-Value (LTV): 80%
- No Closing Costs: There are no closing costs for HELOC unless the property is held in trust or there are title-related issues. All fees will be disclosed before closing.
Two Flexible Term Options
10-Year Fixed HELOC:
- 3-Year Draw Period: Access funds as needed at a fixed interest rate.
- 7-Year Repayment Period: Pay back the remaining balance with a different fixed rate.
15-Year Fixed HELOC:
- 5-Year Draw Period: Withdraw funds at a fixed interest rate during this period.
- 10-Year Repayment Period: Repay the balance at another fixed rate for the remainder of the term.
Why Choose Our Fixed HELOC?
- Stability: Enjoy fixed rates for both the draw and repayment periods.
- Flexibility: Access funds during the draw period for home improvements, education costs, or other major expenses.
- Security: Predictable payments help you plan your financial future with confidence.
At Goldmark FCU, we offer a wide range of loan products designed to meet your financial needs, whether you’re buying a car, making home improvements, or building credit. All loans, except the Mass Save Loan, Credit Builder Loan, and Share/Certificate Pledge Loan, are offered with risk-based pricing.
Quick & Easy Process
Our loan process is designed for convenience, with some loans even eligible for same-day closing.