SAFE July 30, 2025 at 7:00 AM

How HELOCs Give You Space to Breathe

Home repairs, mounting bills, education expenses. Financial situations such as these can be common and add up. Some people may turn to high interest credit cards to cover the bills, others may forgo necessary upgrades or juggle monthly bills to accommodate a large health care expense.

If you’re a homeowner, the home that shelters you from the elements can also protect you from the financial stress of big expenses.

Home equity lines of credit, or HELOCs, allow you to tap into a portion of your home’s equity to cover large expenses, such as home repairs and upgrades, education, health care bills, and may also provide a more affordable way to consolidate existing debt into one payment.

Here’s how a HELOC from SAFE can give you space to breathe.

You’re In Control

After you’re approved for a HELOC, you have access to a line of credit you can use as you’d like, when you’d like, during the draw period. You pay only on the amount you use at an interest rate lower than those of most credit cards. And as you pay back into the line of credit, that money remains available for you to use again during the draw period.

Show Your Home Some Love

Homes are often a family’s largest asset, and it pays to maintain your home and remodel as your needs change. HELOCs are useful for projects that promote energy savings, such as new windows, insulation, and more efficient HVAC systems. They can also be used to update kitchens, spruce up bathrooms, or help pay for the construction of an in-law suite or an accessory dwelling unit. In the end, using a HELOC for home improvements may increase the value of your home while letting you fulfill your dream-home visions.

Simplify Your Bills

Life happens, and when it does, it often comes with a bill attached. Those expenses can add up quickly. A HELOC may help you gain control over your debt by consolidating it into one simple monthly payment, often at a lower interest rate than most credit cards.

Advance Your Life

Reach for your life goals with a lift from a HELOC. You can use the funds to advance your career through higher education or support a child through their college journey. Nurture your inner adventurer with the trip of a lifetime. Let yourself live a little—SAFE has your back with our HELOC.

Learn More

Start breathing easier. Apply for a HELOC today.

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SAFE

SAFE Credit Union has served its members with integrity, exceptional service, innovative products, and progressive technology since 1940.