Holiday expenses. Last-minute must-haves for your college kid. That final home renovation project before the days get short and the rains (or snows!) return. No matter what expense may be in your future, it’s always best to be prepared.

Applying for a HELOC with GHCU makes sense because…

• The interest on a HELOC may be tax-deductible.¹
• Interest rates on HELOCs are generally far lower than rates on credit cards.
• HELOCs are convenient. With an Online Access HELOC, you can access your funds through online banking or simply write a check on the account.² With a VISA Access HELOC, you receive a Visa Equity card to use just like a credit card, anywhere VISA cards are accepted.
• A HELOC with GHCU has few or no upfront closing costs.
• You have cash when you need it, and pay interest only on what you borrow.

¹Consult with your financial advisor about the tax ramifications of a HELOC.
²Not to exceed your available credit limit.

Filed under: Money management tips by Shannon