Tap into your Equity
Need funds for a large expense or want to have cash ready to remodel your home? Borrow as you go (up to your limit) from a line of credit secured by the equity of your home, with a Home Equity Line of Credit (HELOC) with Central Willamette. Pay only for the funds you use!
Meet Our Real Estate Team
With years of experience in banking and real estate, Kelsey knows how essential it is to have a professional who understands the industry and listens to your needs. She has extensive knowledge of the local markets and a passion for helping members. When Kelsey is not helping members, she can be found at the race shop with her husband working on their race cars.
Working in the Banking industry since 2007, Jay enjoys creating financial solutions for members. Whether you are looking to purchase your dream home or refinance your current mortgage, you can rest assured that you are in excellent hands. When Jay is not helping members with their real mortgage needs, he is at home spending time with his two cats Camille and Kevin.
Frequently Asked Questions
A home equity line of credit (HELOC) is like a credit card, where you have a balance that you can use. As you pay off what you borrow, you can access those funds again. And HELOCs have a different fee and interest rate structure than a home equity loan.
The equity in your home is the difference between the amount your house is worth and the amount you still owe on the house.
- Flexible borrowing power
- Instant cash advance and with no minimum
- No cash advance fee
- Property must be owner-occupied
- Loan to value up to 80%
- Competitive fixed and variable interest rate
- Access as frequently as you wish
- 120-month advance period
- 180-month repayment period
- A $50 annual fee will be assessed on the first business day of each year.
We currently do not offer the option to make your loan payment online with a debit card. You may mail us a check, send us a payment from your other financial institution through their bill pay service (if available), contact us to set up automatic ACH payments or come into a branch and pay with cash, check, or debit card. If you come in to pay with a debit card, it will be processed as a cash advance. You can make a payment over the phone with a check or debit card, however there is a fee for that service.
Yes, you may make your loan payment online from your Central Willamette account(s) by logging into Online Banking and clicking on Funds Transfer.
Yes, at Central Willamette we understand that it may be convenient to skip a payment on your loan(s) from time to time. We are pleased to be able to offer a skip payment program that allows you to do just that. To apply for a skip payment, simply complete the skip payment form and either mail it to us or drop it off at one of our branch locations. The form must be completed, signed by all borrowers/signers and returned to Central Willamette 5 days prior to the due date for your skip payment request to be considered. You will be charged a skip payment fee for each loan. This offer is not available on Payday, Real Estate, Personal Line of Credit, Home Equity Line of Credit, and Business Loan payments. Loans must be current and have no delinquent history in the last 12 months. Interest will continue to accrue on your loan(s) when you skip a payment. Maximum skip payments allowed are 2 within 365 days.