Home Equity Loan | Cash Back| E-Central Credit Union

Earn Up to $800 Cash Back. Redo Your Home or Refinance Debt! Call 626.799.6000.

A home equity line of credit (HELOC)* can be an excellent financial option to pay for home remodeling projects or refinancing debt. A HELOC from E-Central may be an even better option. Here’s why:

Earn up to $800

For a limited time, you can earn up to $800 cash back when you open a HELOC with E-Central. Here’s how our cash back offer works. An initial draw of $50,000 to $99,999 earns $200; a draw between $100,000 and $149,999 earns $400 cash back; and initial draws of $150,000 or more earns $800 cash back. Cash back payouts are disbursed 90 days after loan origination. Special offer ends June 30, 2023.

Low Introductory Rate

Currently, E-Central’s HELOC features a low introductory rate of 3.25% for the first three months. That can give you a little breathing room right away.

Interest-only Payment Option

E-Central also offers an interest-only payment option that could significantly reduce your payment obligation and improve cash flow during these challenging economic times.

Do You Have a HELOC with Another Lender?

Has your HELOC payment gone up? The Federal Reserve has made several interest rate hikes in recent months. Those rate hikes are causing payments to increase on variable rate loans, including credit cards and Home Equity Lines of Credit. If your HELOC has been impacted by rate increases, consider refinancing at E-Central. Our rates can be as low as Prime, and with up to $800 in cash back and interest-only payment options, it might be financial sense to “redo” or refinance with E-Central.

Learn More!

Our Real Estate Lending experts can help you determine which option is right for you! They can also help you with the loan application process. To learn more, call or visit the branch today.

Call 626.799.6000

*HELOC cash back special offer begins January 1, 2023 and ends June 30, 2023. To earn cash back, borrower must take an initial draw at the time of funding. Special offer not eligible for current E-Central home equity loans or lines of credit. All loan rates, terms and conditions subject to change. Must be a Member in good standing and meet underwriting guidelines. Other restrictions may apply. The introductory interest rate for the HELOC will be fixed at 3.25% during the three-month introductory period. After the three-month introductory period: based on approved credit the Home Equity Line of Credit rate is variable monthly and is based on prime plus a margin of 1.00% minus relationship reward discounts. Discounts include 0.25% discount if first D/T filing; 0.25% discount if average share balance exceeds $25,000; 0.25% discount if set up on automatic payment, and 0.25% discount if CLTV is below 50%. Minimum Floor Rate: 3.25%. Maximum Ceiling Rate: 18.00%. Interest-only minimum payment during the draw period. Upon term-out, monthly payment will be principal and interest monthly based on 15 years amortization schedule. For loans under $250,000, borrower will reimburse all third-party fees if the line is closed within the three-year period from its origination. Loans over $250,000, Borrower will pay all third-party fees including title policy, flood and tax service, appraiser fee, and recording fees.