5 reasons to open a HELOC with Nuvision

Apr 19, 2023, 18:58 PM by Nuvision 

A home equity line of credit (HELOC) is the perfect tool for debt consolidation, making home improvements, affording college expenses, or even purchasing a car. It’s flexible and allows you to tap into the equity you’ve already built in your home for whatever needs arise.

Why open a HELOC?

Prepare for an emergency ­– You never know when you might need to replace a tire or repair a broken kitchen sink. Costs can stack up—and fast. Along with having an emergency fund set aside in savings, you can secure yourself against unexpected expenses by having credit for backup. For most homeowners, a HELOC beats out other forms of credit. With possible tax benefits and lower rates, you’ll save money and put the equity in your home to good use.  

Take the next step – Sometimes moving forward in life requires more funds. If you’re looking for a way to finance your education, make home improvements, or take care of business costs, your HELOC could be the right tool to meet the goal. Its flexibility allows you to take out the amount you need when you need it.

Consolidate debt – For many dealing with high-interest debt, consolidating debt using a low rate HELOC is a smart move. It allows you to pay down high-interest debt at a lower rate, helping you catch up and pay off what you owe more quickly.

Enjoy low rates – A HELOC is a secured loan, meaning it is backed by the value you’ve already built into your home. Because it is secured, the rates will always be lower than a typical credit card.

Keep your money safe and secure – A HELOC is a safe option for finding funding, especially with our help setting it up. Interest is only applied to what you use, not the total available. It provides the advantage of a revolving credit line you’d get with a credit card but does so at a lower rate.

You won’t find a better rate anywhere else,  apply online today or learn more about our latest HELOC offer here.

Nuvision’s rates are competitive—some of the best on the market. We take our service seriously too. Through every step, we are committed to helping you access your equity funds in a safe, secure, and simple manner. Once your account is open and funded, using the money is as easy as transferring it from the line of credit into your checking account.

We’d love to talk to you more about how a HELOC could fit into your financial plan.