Home Equity Loans Womelsdorf, PA

Leave your savings intact in favor of home equity loans in Womelsdorf, PA by turning to Bellco Federal Credit Union. We offer flexibility in terms, rates, and qualifications. Put your home’s equity to good use.

Bellco FCU is owned by members and operates as a nonprofit organization. We’ve evolved since 1938 when we began as the Bell Telephone Credit Union for the employees of the telephone company.

Being a not-for-profit entity, we can turn what would be profits back to our members through friendly rates on borrowing, quality investment accounts, and fee-free accounts and services. From checking accounts to mortgages, car loans, and Home Equity Loans, our products facilitate your current situation and future goals.

Selecting a Source for a Home Equity Loan

Bellco Federal Credit Union provides members with a wide range of financing products. A conventional Home Equity Loan functions as a second mortgage using your home as collateral for the loan.

The funds are provided to you in one lump sum, and then you make monthly payments to pay it back. Home equity loans typically come with higher interest rates than cash-out refinances. If today’s mortgage interest rates are higher than the rate on your existing mortgage, however, a home equity loan may make good sense.

All sorts of large expenses can be covered with funds from a Home Equity loan. Whether you remodel your home, pay down credit cards, or fund your bucket list, count on Bellco Federal Credit Union to perform.

From Bellco FCU, customers receive a host of benefits including the following:

  • Fixed monthly payments

  • One lump sum

  • Custom repayment terms

  • Competitive rates for short-term needs

  • Custom repayment terms

  • Local decision making

  • Local loan processing

  • Professionalism for the duration

Consider the Products Available from Home Equity Lending

A one-time purchase, debt consolidation, vacation, or new HVAC system would be more appropriate for a Home Equity Loan for financing while sporadic costs in a series call for something along the lines of a HELOC or Home Equity Line of Credit.

If you’re unsure of which will better suit your needs, speak to the professionals here at Bellco Federal Credit Union for a full consideration of all relevant factors.

You must also remember that the equity of your home, being the collateral for the loan, puts your home ownership at risk. If you fail to repay the loan or the balance on the line of credit within the specified time frame, you could lose your home. The security of the loan is at risk, so be sure of your ability to repay when you take out the funds.

Joining the Bellco FCU Team

Joining Bellco Federal Credit Union is simple for all who work, attend school, reside, and worship in Berks County, as well as all immediate family members like parents, grandparents, children, spouses, and siblings of credit union members.

If you qualify, put a nominal amount in a Member Savings account to establish membership and buy ownership into the credit union.

Home Equity Loans in Womelsdorf, PA, can offer financial security during difficult times or financing of expensive dreams. Bellco FCU offers various financial services and products to meet all of our customers’ needs.