A low-cost way to fund your project may be through a Home Equity Line Of Credit or HELOC. It’s a loan using the current equity you have right now in your home. It’s like a second mortgage and the funds can be used for that remodel, tuition costs or even paying down a credit card. Here at WAFD Bank, you determine when to access your funds. Plus, with our HELOC, you only pay interest on the funds you actually draw.
Just like other loans, all HELOCS are subject to credit approval. We’re here to help. The mortgage page on our website washingtonfederal.com has more information or you can talk to your neighborhood loan officer and see if a WAFD HELOC is the right call for you.