Loan Consolidation

Take a look at the following illustration of how a Home Equity Line of Credit (HELOC) can consolidate your loans.

Current model with multiple loan obligations

Loans Current Balance Current Monthly Payment

Tuition

$10,000

$150

New Deck

$3,000

$155

Auto Loan

$13,000

$300

Credit Cards

$4,000

$175

TOTAL

$30,000

$780

Example of how you can use a HELOC to consolidate your loans

Loans Consolidated Balance APL FCU Monthly Payment

Tuition

—

—

New Deck

—

—

Auto Loan

—

—

Credit Cards

—

—

APL FCU HELOC

$30,000

$300

TOTAL

$30,000

$300
 

 

Based on this example, you could save $480 per Month!

Current payments of $780 a month versus the $300 monthly consolidated payment.

Ready to start saving?

Apply for a HELOC loan with us today!

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