Tag: HELOC

Common HELOC Myths Debunked

Confused about HELOCs? You’re not alone. There are many HELOC myths that are leading to confusion. A HELOC or Home Equity Line of Credit enables you to tap into the equity of your home to access cash for just about anything you need. Unlike a Fixed Home Equity Loan, a HELOC enables you to access […]

How to Get the Best Home Equity Line of Credit (HELOC)

Ask these 11 Questions to Get the HELOC that’s Best for You A Home Equity Line of Credit (HELOC) allows you to use the equity in your home as collateral in establishing a line of credit you can borrow from when you are in need of cash. A HELOC works a bit like a credit […]

Seven Dangers of Home Equity Loans

Avoid these Home Equity Loan Dangers If you’re in need of money and have equity built in your house, home equity loans may seem like logical solutions to your cash needs. Unfortunately, if you are not aware of the dangers and responsibilities of paying your loan, a home equity loan can leave you in a […]

Tips for Spring Home Improvement & Building Home Equity

Spring is a great time to refresh your home and tackle a home improvement project. Whether you’re in search of some zen-inspired décor to add a more calming effect in your home or planning for a complete kitchen renovation, our helpful tips will get you started on the right track. Benchmark Federal Credit Union provides home […]

Fixed Home Equity Loan vs Home Equity Line of Credit (HELOC)

Has your mind been on home improvement or other large expenses? Your home may be a financial goldmine just waiting to be tapped. The equity you’ve built up, which is the difference between what your home is worth and what you still owe on your mortgage, can be a powerful tool to help you achieve […]

Shopping for the Ultimate HELOC Deal

Whether you’re looking for the cash you need to renovate your kitchen, replace your roof, or help pay your child’s tuition, our tips for getting the ultimate HELOC deal will help. A HELOC or home equity line of credit is a revolving line of credit secured by your home than can provide you with the […]

Benchmark’s Ultimate HELOC Provides Flexible Repayment Options

Benchmark’s Ultimate HELOC features a low introductory rate for the first six months. This not only provides borrowers with a low-interest rate and an affordable way to borrow, but also two possible payment options to fit individual needs and budgets. The Ultimate HELOC is an ideal, low-interest option for many borrowing needs, from educational, medical, […]

Benchmark Announces New Ultimate HELOC

October 2019 – Benchmark Federal Credit Union has just announced our new Ultimate Home Equity Line of Credit (HELOC) products.  The new Ultimate HELOCs feature an Interest Only or Principal & Interest payment options.  The Interest-Only HELOC requires that borrowers make monthly interest payments and has a 5-year draw period, which then converts to a […]

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