Home Equity Loans West Lawn, PA

If you're concerned about the best way to navigate the expensive moments of life, consider taking advantage of home equity loans secured through your West Lawn, PA, residence. Bellco Federal Credit Union stands ready to assist with various valuable financial products and services.

Bellco FCU is owned by the same members who receive services. We are a non-profit federal credit union with federal insurance from NCUA to protect your investments. The people and businesses of Berks County have worked together for a financial foot forward since 1938, when we began as Bell Telephone Credit Union.

Our members-owners enjoy checking and savings with few or no fees and great rates; lending options to finance cars, homes, dreams, and more; and other financial needs. Best of all, every member enjoys courteous hometown treatment, local decisions, and processing.

Although we provide similar services and products as banks, we differ in several ways. Bellco's obligation is to our member-owners, not shareholders. Instead of making profits, we extend savings and excellent terms to our members.

Understanding Home Equity Loans

If you've heard of a second mortgage, you've heard of a home equity loan. This lending product lets you take out a loan secured through your primary residence's equity value. A home's equity is the difference between the appraised value and the mortgage balance.

Home equity loans are an excellent option for substantial expenses when they occur. Whether you have a leaky roof, tuition bill, significant credit card debt, or another big-ticket purchase, borrowing from home equity allows you to access funds, often at lower rates than other unsecured spending allows.

A Home Equity Loan from Bellco FCU can be secured with a variety of repayment terms. You'll receive a single lump sum, and repayment will follow a fixed monthly plan with terms that suit your budget. The financial specialists here will strive to provide a personalized approach to your needs.

Gain Financial Freedom with a Home Equity Loan

Home equity empowers homeowners!

Borrowing against the home equity can help you finance substantial expenses with great rates and terms.

The basic rules for borrowing are the same from lender to lender, but we have some flexibility as a credit union. You'll need to establish income, credit worthiness, debt-to-income values, and additional assets. The name of the game is to demonstrate that you will have the ability and the motivation to repay what you borrow.

Homeowners must also remember that the consequences of failing to repay a home equity loan include the loss of that home. Foreclosure will be the result of an unpaid second mortgage.

Qualifying to Become a Bellco FCU Member-Owner

Eligibility Requirements for Membership:

  • Reside in Berks County, or

  • Work in Berks County, or

  • Attend School in Berks County, or

  • Worship in Berks County;

  • Be an immediate family member (child, parent, grandparent, spouse, sibling) of an existing Bellco FCU member

By depositing $5 into a Member Savings account, you buy into the credit union, becoming a member-owner candidate. With this status, you gain a voice in the organization's operations.

The perks of home ownership extend beyond getting to redecorate whenever you like! Home equity loans provide financial empowerment to get through even the most challenging situations. Discover more about the team at Bellco FCU by calling (610) 373-5192 or following this link.