Home Equity Loans La Crosse

Applying for home equity loans in La Crosse, WI is one of the easiest ways to borrow a large sum of money with favorable rates. With home equity loans, La Crosse locals can turn their property’s value into cash. Homeowners can use the money they will get for their other expenses. Find out more about why homeowners apply for home equity loans in La Crosse.

Benefits of Home Equity Loans in La Crosse

Home equity loans in La Crosse can become beneficial for borrowers who need a large amount of money for their expenses. Here are a few reasons why home equity loans in La Crosse are considered more beneficial compared to other loans:

It Is Easier to Qualify for Home Equity Loans in La Crosse

With home equity loans, La Crosse borrowers use their home as collateral for their loan application. Getting home equity loans in La Crosse is also an option for borrowers with a low credit score or bad credit history. Since the loan is secured by the house, locals can qualify easily.

Home Equity Loans in La Crosse Have a Fixed Rate

Lenders offer fixed interest rates for home equity loans. La Crosse borrowers can benefit from this by having a constant amount for their monthly payments. This can help homeowners to stick within their budget.

Borrowers Get Lump Sum Money When They Apply for Home Equity Loans in La Crosse

Another benefit of home equity loans in La Crosse is that borrowers will get a lump sum of money. This can be very useful, especially for those who need a huge amount of money to cover large expenses.

Tax Deduction Is Another Benefit of Home Equity Loans in La Crosse

If the loan is used for buying, building, or improving the house, it will be best to get home equity loans. La Crosse borrowers can claim a tax deduction for the interest they pay once they itemize their taxes.

How to Compute for Home Equity Loans in La Crosse?

Home equity loans in La Crosse are easy to calculate. Before applying for home equity loans, La Crosse borrowers must know the market value of their property.

Simply subtract the amount of your mortgage from the value of your property. The difference will be the amount of money you can borrow for your home equity loans in La Crosse. For instance, your property’s value is $100,000. If your home mortgage costs $20,000, you can borrow up to $80,000.

Documents You Need to Submit When Applying for Home Equity Loans in La Crosse

Lenders require lots of documents before they grant home equity loans. La Crosse borrowers should prepare the needed papers for a faster home equity loan transaction. When applying for home equity loans, La Crosse borrowers should provide the following:

• Property information, such as purchase date and price, address, as well as property type
• Proof of homeownership, hazard, flood insurance, and if there are other renovations or upgrades made
• A list of previous and current debts
• Your personal information, like Social Security number, date of birth, employment status, marital status, and residential status
• A signed and completed internal revenue service (IRS) form 4506t
• A recent pay stub reflecting your salary or W-2 from your employer

However, requirements for home equity loans in La Crosse may vary depending on the lender. So, it is best to consult with real estate brokers. Turn to Governmental Employees Credit Union for better assistance.

Apply for Home Equity Loans in La Crosse, WI Today!

Get extra money for your expenses using the equity of your home. Governmental Employees Credit Union offers land and lot loans, home mortgage loans, and home equity loans to La Crosse residents. Our team of local expert brokers can provide tailored terms that will fit your needs.

Let Governmental Employees Credit Union help you with your application for home equity loans in La Crosse. Give us a call today!

Making Everyone Count Since 1931

Credit unions are known as a great alternative to banks. These institutions offer accounts with lower fees and loan rates. They’re also owned by their customers, that’s why they offer better deals. If you want the idea of a customer-owned financial institution, joining a credit union might be the right choice for you.

Many credit unions offer a lot of benefits. However, not all of them are able to provide their customers with a great experience. If you want to make sure that you get great deals and satisfying customer service, join Governmental Employees Credit Union (G.E.C.U.). We offer great financial services while making sure that our customers feel valued. 

Open an Account With Us

Like any other bank, we also give our clients the privilege to open a bank account for their funds. Whether it’s a checking or savings account, G.E.C.U. makes sure to provide you the one that’s perfectly tailored to your lifestyle and needs. 

• Checking Accounts

At G.E.C.U., we don’t just provide great checking accounts. We also give you a lot of rewards with Kasasa Cash! You can choose between three options. 

The first option we have is the free Kasasa Cash Checking account with a high-interest reward. The second is a free Kasasa Cash Back Checking account with 2.25% cashback on purchases using your debit card. The third is the Free Kasasa Tunes Checking account, which gives you digital credits for apps and music purchases. Whichever you choose can be opened in minutes, too. Hassle-free, right? 

• Savings Accounts

Here, we offer you a lot of savings account options for you as well. 

• Basic Savings Account

This marks your membership with us. You’re only required to deposit a minimum of $5 to open your account.

• Elite Money Market Account

When you choose this account, the higher your balance is, the higher the interest rate you’ll get. You won’t get any maintenance fee if your balance is amounting to or more than $2,500.

• Health Savings Account (HSA)

With this account, you can prepare for medical expenses you might have in the future. You can also enjoy triple tax saving where you’ll have tax-free withdrawals for any medical expenses and earnings. 

• Certificates of Deposit (CDs)

Having trouble with saving money? This option is for you, then. Fixed-rate earnings for your term of choice. 

• Christmas Club

This type of savings account is created especially for your holiday funds. It also helps keep you away from having debts during the holidays.

• Individual Retirement Accounts (IRAs)

In this type of savings account, you’ll be able to secure your retirement and earn revenues at a higher rate.

Apply for a Visa Credit Card

At G.E.C.U. , we help you expand your purchasing power by providing a globally-accepted credit card. We have competitive rates, low annual percentage rate (APR), and there are no annual fees! Apply with us now.

Pursue Your Dreams With Us

Everyone has the right to education. That’s why here in G.E.C.U., we offer a $500 scholarship to our members. The qualifications are simple; you just have to be a member and you must be already accepted or attending your school of choice.  

Other than the two eligibility requirements, you should also submit three documents: your accomplished application form, a scholarship essay, and an autobiography that contains your school activities, awards, employment, and community service records. Apply now.

Secure Your Future With the Friendly Credit Union

Since 1931, we have been making every customer feel that they’re a part of the company; each of them is the partial owner of G.E.C.U. We assure you that we will continue making our customers feel that way. 

Our friendly and accommodating staff will strive to personally know you by name. As La Crosse’s friendly credit union, we enjoy doing business with our clients in the friendliest way that we can. If you want to be a part of the family and experience our customer service, talk to us now.