We offer various options designed to make your financial path hassle-free and help you save money on your monthly payments. Let your home’s equity be your financial ally, and take the next step with ProFed Credit Union.
View our interest rates here.
A home equity loan lets you borrow against your home’s equity and pay back the loan over time with a fixed interest rate. You receive the money in one lump sum, and you pay it back in fixed monthly payments over a specified period which can be an advantage in knowing how much you'll need to budget each month.
A HELOC gives you access to a revolving line of credit, so you have the flexibility to borrow multiple times from a maximum available amount, but it's up to you to budget accordingly and make your regular payments on the balance. Interest rates vary over time which is different from a traditional home equity loan.
"From auto loans to home loans to a second mortgage, the staff is phenomenial. They take the time to understand the situation and help me figure out the best plan forward."
ProFed Member
