Home Equity Loans: Leveraging Your Central Wisconsin Property Value
With Wisconsin home values up 13.3% over the past year and Wausau leading the state with a remarkable 33.4% increase in home prices, many central Wisconsin homeowners have built up significant equity in their properties. At Public Service Credit Union, we understand that this equity represents an opportunity to achieve your financial goals through a home equity loan.
Understanding Home Equity Loans
A home equity loan allows you to borrow against the value you've built up in your home without disturbing your existing mortgage. With Wisconsin's average home value now at $301,659, many homeowners have substantial equity to access. At Public Service Credit Union, we currently offer both 5-year and 10-year fixed-rate terms, with rates starting at 5.40% for a 5-year term (rates are subject to change; contact us for the most current rates).
Why Consider a Home Equity Loan?
Here in central Wisconsin, where property values continue to show strong growth, homeowners use home equity loans for various purposes:
Home Improvements for Wisconsin Weather
Whether it's adding extra insulation for those harsh Wausau winters or finally building that three-season room you've always wanted, a home equity loan can help fund improvements that not only make your home more comfortable but potentially increase its value in our growing market.
Debt Consolidation
If you're juggling multiple high-interest debts, consolidating them into a single home equity loan could potentially lower your monthly payments and simplify your finances. With current fixed rates, you'll know exactly what your payment will be each month.
Major Life Expenses
From helping your child attend UW-Stevens Point to purchasing a new vehicle for those snowy commutes, a home equity loan can provide the funding you need for life's significant expenses.
“We understand the unique needs of central Wisconsin homeowners”
What You Need to Know
When considering a home equity loan with Public Service Credit Union, keep these key points in mind:
You can borrow up to 80% of your home's value
Fixed-rate options provide predictable monthly payments
Local decision-making means faster processing
Our experienced lending team understands the central Wisconsin housing market, where home values have shown consistent growth
Expert Support from Your Local Team
As a community-focused credit union right here in Wausau, we understand the unique needs of central Wisconsin homeowners. Our lending team, led by Vice President of Lending Bonnie Grayson, can help you determine if a home equity loan is right for your situation.
Ready to explore your options? Contact our lending team at loans@publicservicecu.org or call (715) 842-9865 and press 2 during business hours.
Rates are subject to change at any time. Please contact us for the most current rate information. Property insurance required. All loans subject to credit approval.
Public Service Credit Union is federally insured by the National Credit Union Administration.
Public Service Credit Union does business in accordance with the Federal Fair Housing Law. Equal Housing Opportunity.