One Minute Read: What is a HELOC? Five Smart Reasons to Use One
07/07/2025
By: Michelle Besaw
A HELOC, or Home Equity Line of Credit, is a flexible way to borrow money using the equity you’ve built in your home. It works like a credit card, you’re approved for a set amount, but you only borrow what you need, when you need it.
Here are 5 smart reasons to consider a HELOC with DFCU:
1. Home Improvement
Dreaming of a new kitchen or energy-efficient upgrades? A HELOC can help you turn “someday” into “right now.”
2. Emergency Cushion
Life is unpredictable. A HELOC gives you peace of mind by offering access to funds when unexpected expenses arise.
3. Lower Interest Debt Consolidation
Roll multiple high interest debts into one manageable monthly payment, often at a lower rate.
4. Education Costs
Whether it’s tuition, books, or technology, a HELOC can help cover expenses for you or your family.
5. Big Life Moments
Weddings, vacations, or major purchases. A HELOC allows you to enjoy them now and pay overtime with a flexible repayment plan.
At Dannemora FCU, we’re here to help you make the most of your home’s value.
? Ready to learn more or apply? Visit https://www.dfcu.net/loans-credit/mortgage-center/home-equity-loans.htmlor stop by your local branch today.
