Knock Out Your Home's To-Do List This Summer With an HELOC

June 09, 2025

Summer is the perfect time to complete your home renovation projects! While you’re away from the classroom, get the funding you need to cross off your to-do list.

If you’re not sure how much you’ll need for desired home renovations, but you want your house to foot the bill, a home equity line of credit might be right for you. Here’s how a Home Equity Loan from CASFCU can help.

What’s a Home Equity Line of Credit?

A home equity line of credit lets you borrow using the value you’ve already built up in your home by making payments on your mortgage.

Unlike a traditional Home Equity Loan, a HELOC provides access to a revolving line of credit, similar to a credit card. You then are able to tap into that maximum approved budget for whatever you need, when you need it. This has no effect on your total mortgage payments or rates. It’s a separate line of credit calculated using the amount you have already paid on your mortgage.

Why choose a HELOC?

A home equity line of credit is ideal if you aren’t paying in full for home improvements in advance. Home equity lines of credit are commonly used for home renovations but can also be used as a source of funding for anything you need. Typical uses also include debt consolidation, education expenses, medical bills, or summer vacation.

CASFCU HELOC Rates and Terms

Members of CASFCU currently have access to up to 85% Loan-to-Value (LTV) with rates as low as 7.95% APR* and flexible repayment terms. For every $1,000 borrowed, your payment could be as low as $14.00.

LTV is the total calculated percentage of a home’s appraised value that a mortgage holder is able to borrow, minus the amount that is still owed. For example, with a 85% LTV HELOC, if your home is valued at $300,000 and you owe $200,000 on your mortgage you could potentially access up to $55,000 of borrowed funds.

Ready to Start?

Take advantage of your home’s value this summer. Whether you're remodeling a kitchen, paying medical bills, or finally taking that vacation, a HELOC from  CASFCU can help you fund it.

Apply online today or contact us to learn more.

*Annual Percentage Rate. Current as of 6/4/25 and subject to change at any time.