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7 Ways to Leverage Your Home's Equity in 2025

01/13/2025

7 Ways to Leverage Your Home's Equity in 2025

The new year is a great time to make the most of your home's worth. With many property values on the rise, your home equity can unlock financial opportunities and help you reach your goals faster. Let’s explore how tapping into your home’s equity can make 2025 your best year yet.

1. Consolidate Debt with a HELOC


Got high-interest credit card debt? A Home Equity Line of Credit (HELOC) lets you roll multiple debts into one payment. Plus, HELOCs often come with lower interest rates than credit cards, so you can save money while simplifying your finances. Less stress, more savings!

2. Be Ready for the Unexpected


Emergencies happen. When they do, a HELOC can provide quick access to funds for unexpected medical expenses, urgent home or car repairs, or anything else life throws your way.

3. Upgrade Your Home


Dreaming of a kitchen refresh or that long-overdue roof repair? Use your home’s equity to fund renovations or improvements. Investing in your home enhances your space and may even can also increase your property value.

4. Invest in Education


Whether it's college for your kids or career advancement for yourself, your home equity can help fund tuition or learning opportunities without resorting to high-interest loans.

5. Plan an Unforgettable Adventure


Treat your family to that dream vacation without maxing out credit cards. A home equity loan or HELOC can help finance those well-deserved breaks, keeping your budget balanced while creating lasting memories.

5. Celebrate Life’s Big Moments


Weddings, graduations, and milestone birthdays deserve to be celebrated. Tap into your equity to cover event costs without sacrificing financial stability.

7. Plan for the Future


Thinking about starting a business or buying an investment property? Your home’s equity can serve as the financial foundation to help turn your plans into reality.

We’re Here to Help


Your home is more than just a place to live – it’s a tool to help you achieve your dreams. Want to know how much equity you have or explore your options? Apply online or reach out to us at familytrust.org using the chat feature to hear from us during business hours. If you still have questions, give us a call at 803-367-4100 or stop by a branch. We’re thrilled to help you with the best options for your financial goals.

 

1.Must be 18 to apply. Qualification is based on creditworthiness, income and other underwriting factors, and is subject to approval. The APR for a Home Equity Line of Credit (HELOC) is variable and based on the Prime Rate as published in the Wall Street Journal, plus a margin of up to 6.25%. As Prime changes, the APR on your account will change. The APR will not go below 3.25% or exceed 18.00%. A HELOC is secured by a first or second mortgage lien on your home, which must be one-to-four family residential real estate. This type of credit is not available for modular homes, manufactured homes or cooperatives. The minimum line of credit amount is $10,000. Property insurance is required, and flood insurance is required where applicable. Closing costs such as attorney fees, insurance premiums, property taxes and appraisal fees may apply. Other restrictions may apply. All Credit Union loan programs, rates, terms and conditions are subject to change at any time without notice.

Institution NMLS Identifier Number: 493819 

Equal Housing Lender FTCFU

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