Mountains

Home Equity Lines of Credit

Ent’s home equity lines of credit can help you make home improvements, consolidate debt or finance other large purchases. A home equity line of credit will generally have a lower interest rate than the average credit card (or other unsecured credit) and the interest you pay may be tax deductible.*

All Ent Home Equity Lines of Credit offer:

 

  • No closing costs for qualified borrowers **
  • Low, interest-only payments during the draw period; and a fully amortized repayment period
  • No application fee or cash advance fee
  • Ent Extras, a hassle-free annual reward, only at Ent.
A line of credit gives you easy access to the funds you need to enjoy life. For instance, if you finance a $35,000 kitchen remodel, your monthly interest-only payments would be approximately $126*.
 
A good choice if you want ongoing access to funds at low rates for 10 years.
• A fixed rate during the draw period and a one-time rate adjustment at the beginning of repayment.
• 25-year term with a 10-year draw period and a 15-year repayment period.
• A good choice if you are comfortable with fluctuating rates and will not carry balances for extended periods of time.
• A variable rate through the life of the line of credit.
• 25-year term with a 10-year draw period and a 15-year repayment period.
• A good choice if you have short-term expense needs.
• No rate adjustment throughout the life of the line of credit.
• 16-year term with a 1-year draw period and a 15-year repayment period.



Apply online, by phone at (719) 574-1100 or 800-525-9623 or at a service center today!

*APR=Annual Percentage Rate. Lowest rate shown is for well qualified borrowers and includes an Ent automatic payment and electronic disclosure discount and loan to value of 80% or less. A HELOC in the amount of $35,000 at an APR of 4.24% during the 120 month draw period will have estimated monthly payments of $126.04. At the end of the draw period the 180 month amortized estimated monthly payment is $263.15 and total estimated finance charge of $12,365.92. This example is calculated based on no change to the Wall Street Journal Prime Rate as reviewed at the start of the repayment period.

**Home equity lines of credit are eligible when the credit union controls total payoffs equaling $25,000 or more to other creditors and available for loan requests for up to $70,000 when the loan to value ratio is 70% or less. No refinancing of Ent loans. If the line of credit is paid off and closed within 36 months, borrower will be required to reimburse closing costs. Closing costs may range form $100-$1000. Other restrictions may apply. Higher loan to value options available.

Standard credit qualifications apply. Loans subject to final credit approval. Financing available on owner-occupied homes throughout Colorado. Property insurance is required. The interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for federal income tax purposes. Consult a tax advisor for further information regarding the deductibility of interest and charges. Please refer to Ent's Important Loan Information and HELOC pre-disclosure for more information

 
 

 

 

 

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