Please do not click on suspicious links from texts that appear to be from Georgia’s Own and be vigilant about providing information when receiving calls.
Please do not click on suspicious links from texts that appear to be from Georgia’s Own and be vigilant about providing information when receiving calls.
Routing Number: 261071438
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You don’t have to change homes to get the home of your dreams. If you’re ready to remodel, make the right move with a home equity loan or line of credit (HELOC) from Georgia’s Own. As a homeowner, you can use your home’s equity to cover home repairs or renovations—and more. Home equity loans can be used for almost any large expense, including medical bills, college tuition, debt consolidation, or whenever you need a little extra cash flow.
Get your cash with extra convenience. Our Home Equity Line of Credit (LOC) offers easy access to your funds through ReadiEquity checks, online banking, and TeleTalk. And, because your Home Equity Line of Credit is secured, you’ll enjoy lower rates than personal loans or credit cards.
Home Equity Line of Credit offers: | Important Links: |
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Our Home Equity Fixed-Rate Loan offers one great rate throughout the life of your loan, giving you predictability and stability. Using your home as collateral, a home equity loan allows you to borrow money at a fixed rate that’s lower than almost any other type of loan. Borrow anywhere from $10,000 up to $500,000.1 Best of all? The interest may be tax deductible.2
Home improvements: Whether you’re looking to remodel your bathroom or refinish your basement, a home equity loan can be a great option.
Debt consolidation: You may be able to save money by using a home equity loan to consolidate bills, such as credit cards and student loans.
Education: Because of low interest rates, a home equity loan may be an option when financing tuition and other education costs.
Weddings and celebrations: With the cost of a wedding averaging more than $20,000,3 a home equity loan can be an affordable ways to pay for a large event.
Medical bills: Medical expenses can add up. If you need help paying for them, a home equity loan could be the answer.
1Maximum loan amount is $350,000 for CLTV above 80%, but not exceeding 95% with mortgage insurance approval. Maximum loan amount is $500,000 if CLTV is 80% or less. Investment and rental properties cannot be vacant.
2Please consult your tax advisor.
3Information from businessinsider.com.
A point is equal to one percent of the principal amount of your mortgage. For example, if you get a mortgage for $100,000, one point means you pay $1000 to the lender. These points are usually collected at closing and may be paid by the borrower or the home seller, or may be split between them.
A rate that reflects the actual annual cost of a loan and includes the loan interest rate, private mortgage insurance, points and some fees.
These sample rates are published weekdays at 10:00am EST.
The information provided is general and assumes only the following scenario:
5/5 ARM
30-Year Fixed
15-Year Fixed