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eBenefits Articles - FlexEquity Line


Why Wait? Open your FlexEquity Line today!

A FlexEquity Line is one of the most flexible and convenient products that your Credit Union offers. The FlexEquity Line allows you to borrow against the equity in your home. Take advantage of the convenience by borrowing as often as you wish, up to your approved limit. This is an open-end line of credit, so the money is there whenever you need it.

Let’s talk about flexibility, you can use the FlexEquity Line for almost any purpose including:

  • taking that vacation you always wanted,
  • improving your home,
  • consolidating your debts,
  • purchasing that shiny new vehicle and
  • even paying for education expenses.

These are just a few of the many ways that a FlexEquity Line may benefit you.

Depending on your specific situation, you may also be allowed certain tax advantages, such as the interest deduction. Check with your tax advisor for further details.

With rates as low as .25% below the prime rate, our rates save you money. Borrowers opening new credit lines can choose either a 2.9% APR introductory rate for the first six months, or for peace of mind, you can choose a rate that is fixed for 5 years with an additional 1.5% added to your interest rate.

Convenience, Flexibility and Low Rates!

Now is the time to open your FlexEquity Line! For more information or to complete an application, visit the Home Finance Center on our website or call 435-753-4080.

* (The interest rate is tied to the prime rate reported in the Wall Street Journal plus a margin that is determined by the loan-to-value ratio. The rate is variable and can change quarterly. See a USUCCU loan officer for more details.)