YOUR MOST UNDERUSED FINANCIAL TOOL
Your Home Has Been Building Wealth. Have You?
Many homeowners have significant equity sitting unused. A home equity from Central Willamette Credit Union gives you flexible access to what you've built for the goals that matter most to you.
What Could Your Equity Help You Do?
Strategic homeowners use their equity in ways that build long-term wealth, not just a new kitchen.
- Investment Property
Use equity as a down payment on a rental property to create monthly income and long-term appreciation. - Debt Consolidation
Replace high-interest credit card balances with a lower-rate equity product. Fewer payments, less stress. - Business Investment
Fund startup costs or business expansion without turning to high-rate credit cards or lenders. - Education and Career Advancement
Fund a degree, certification, or career transition when the return on investment makes sense.
Every situation is different. Our Home Equity experts can help you figure out which use, if any, makes sense for your individual needs.
"Approximately 7 years ago I had a sewer line break on one of my modest rentals in Salem. I fretted about it for a couple days wondering how I was going to pay for it. It dawned on me, hey, you own 3 houses outright, surely my wonderful credit union could help. Long story short, I talked with the wonderful loan officer Jay, and I was able to secure a loan to cover the repair. If it hadn't been for the credit union, I don't know what I would have done. I have since taken advantage of my HELOC to make other repairs on the rentals and put a new roof on my house. Thank You CW!"
- Victoria I., Member Since 2017
Equity is powerful. Use it with a plan.
A HELOC is not free money. Accessing your equity increases your debt load, and your home backs that debt. Property values can fall. If payments become unmanageable, the consequences are serious. We'll always tell you the honest truth about what you're taking on because we're your credit union, not a lender trying to close a deal.
Before moving forward, ask yourself: What is the specific purpose of these funds? Will this use improve my financial position over time? Can I comfortably afford the additional payments? If the answers aren't clear, that's exactly when to talk to one of our advisors.
Your Whole Team
Our lending advisors, wealth managers, and insurance specialists work together so a conversation about your home equity doesn't happen in a silo. It connects to everything.
Lending Team
HELOC &
Home Equity Loans
Wealth Management
Broader
financial planning
Insurance
Protect
Your Investment