Skip to main content
Beginnings Credit Union

Home Equity and HELOC Loans

Put Your Home’s Equity to Work For You!

Consolidate debt, renovate, or use it for a big life event. We make it easy and even offer a No Closing Costs option to ensure you get the most out of the equity you have built.

Great Service

Low Rates

No Closing Costs

Or call us at 607-257-8500, toll free at 800-428-8340 or VISIT A BRANCH

Home Equity Loans1

Leverage the equity in your home to get a loan.

  • No closing costs
  • Fixed rate
  • Easy to pay online and set-up automatic payments
  • Tax advantages may apply (consult your tax adviser)
  • Certified credit counselors available

Home Equity Line of Credit (HELOC)2

Leverage the equity in your home to receive a line of credit, then use as little or as much as you need!

  • No closing costs
  • Variable rate
  • Pay interest only on the amount you actually use
  • As you pay towards the principal balance, more of the credit line becomes available again.
  • Transfer the funds to your Checking Account or request convenience checks
  • Easy to pay online and set-up automatic payments
  • Tax advantages may apply (consult your tax adviser)
  • Find more information about HELOC Loans.

Home Equity Line of Credit (HELOC) - CHOICE2

Like a HELOC, you can leverage the equity in your home to receive a line of credit. However, with a HELOC Choice, whenever you use funds from your line of credit, you choose to lock in a fixed rate or keep it variable. 

  • No closing costs
  • Variable rate or fixed rate, you choose when you draw the funds.
  • 15 year draw period and up to 15 year repayment periods
  • No payments due on the unused portion of your line of credit
  • As you pay towards the principal balance, more of the credit line becomes available again.
  • Transfer the funds to your  Checking Account or request convenience checks
  • Easy to pay online and set-up automatic payments
  • Tax advantages may apply (consult your tax adviser)
  • Find more information about HELOC Loans.

Choice makes anything possible!

Personal Loans

Beginnings Credit Union’s Personal Loans can be used for any purpose to fit your unique needs.

Learn More about Personal Loans

 

Equity is the value of your home, less the existing loan balances. Beginnings will allow first or second lender for this loan, but not third. Credit scores are determined by the Credit Reporting Agency. Property Insurance is required. Equal Housing Opportunity Federally Insured by NCUA.

1Home Equity - Required 3-year recapture period applies to No Closing Cost loans. Loan amounts of $5,000 to $200,000 based on creditworthiness.

2Home Equity Line of Credit (HELOC) - Loan amounts of $15,000 to $150,000 based on creditworthiness. Required 3-year recapture period applies to No Closing Cost loans.

HOME MORTGAGE DISCLOSURE ACT NOTICE The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age and income of applicants and borrowers; and information about loan approvals and denials. HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau's Web site (www.consumerfinance.gov/hmda).

BORROWER COMPLAINTS AND INQUIRIES Beginnings is registered with the New York State Superintendent of Financial Services. You may file complaints and obtain further information about Beginnings by contacting the New York State Department of Financial Services Consumer Assistance Unit at 1-800-342-3736 or at www.dfs.ny.gov.