How a LowPay Home Equity Loan Can Help You Regain Financial Control

In today's economy, managing debt is key to financial stability. Many homeowners juggle high-interest credit card payments, making it difficult to get ahead. Consolidating debt into a lower-interest option can provide much-needed relief and financial flexibility.

Granite Credit Union understands the challenges of high-interest debt. That's why we've developed our LowPay Home Equity Line of Credit (HELOC)—a solution that offers the flexibility of a traditional line of credit with an extended repayment period to keep monthly payments affordable.

What Is a HELOC and How Can It Help You?

A Home Equity Line of Credit (HELOC) allows homeowners to borrow against the equity in their home. Unlike a traditional mortgage loan, which provides a single lump sum, a HELOC works more like a line of credit—you can withdraw funds as needed and only pay interest on what you use.

A HELOC can be an innovative financial tool for many reasons:

  • Lower Interest Rates – HELOCs typically have much lower interest rates than credit cards, making them an excellent option for debt consolidation.

  • Financial Flexibility – You can use your HELOC funds for home improvements, emergency expenses, education costs, or any other financial need.

  • You Only Pay for What You Use – Unlike a personal loan, you can borrow as little or as much as you need, up to your approved limit.

  • Potential Tax Benefits – Sometimes, interest paid on a HELOC may be tax-deductible (consult with a tax advisor).

Granite Credit Union’s LowPay Home Equity Line of Credit: A Smarter Way to Borrow

Our LowPay HELOC helps homeowners consolidate debt while keeping monthly payments manageable. With a 10-year repayment period, you can pay off your balance without financial strain.

Features and Benefits

  • Extended 10-Year Repayment Period – Unlike traditional HELOCs, our LowPay Home Equity Line of Credit gives you an entire decade to repay, ensuring lower monthly payments.

  • Save Money on Interest – Consolidating high-interest credit card debt into a lower-rate HELOC could significantly reduce the amount you pay in interest.

  • No Need to Refinance Your Mortgage – Keep your current mortgage rate while accessing the necessary funds.

  • Fast & Easy Access to Funds – Withdraw money as needed, when needed, with the flexibility of a line of credit.

Is a HELOC Right for You?

A LowPay HELOC is ideal for homeowners who:

  • Want to consolidate high-interest debt into a more manageable payment.

  • Need a financial safety net for unexpected expenses.

  • Are planning home improvements or renovations.

  • Prefer a flexible borrowing option with low monthly payments.

How to Get Started

Applying for a HELOC is easy! Here’s how you can get started today:

  • Apply Online – Learn more about our Home Equity Line of Credit and submit your application.

  • Get Approved – Our team will review your application and help you understand your options.

  • Access Your Funds – Once approved, use your HELOC to consolidate debt, make home improvements, or cover other expenses.

  • Enjoy Affordable Payments – With our extended repayment period, you can manage your finances while keeping payments low.

Take Charge of Your Financial Future

High-interest debt shouldn’t stand in the way of your financial goals. With Granite Credit Union’s LowPay Home Equity Line of Credit, you can consolidate debt, lower your monthly payments, and regain control of your finances—all with the flexibility and affordability you need.

Granite Credit Union