Consolidating debt with home equity.

Home equity loans can be used to consolidate account balances from multiple credit cards or installment loans into a single loan while offering the added benefit of consolidating multiple payments into a single monthly payment. Using home equity for debt consolidation can be beneficial if the repayment period for paying off the home equity loan is shorter than it would be for your existing debts, or if the interest paid over the repayment period is less than what you would pay without consolidating your debt.

Calculations provided by Fintactix.
  • Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

View current rates and disclosures.

DuPage Credit Union home equity loan benefits

  • Highly competitive rates. Low home equity loan rates with exclusive rate offers for members.
  • No hidden fees. Pay no application fee until you lock in your rate.
  • Local home loan experts. We'll work with you from application to closing and throughout the life of your loan.
  • Homeowners insurance required.

  • Single-Family dwellings only in Illinois.

  • We lend in all of Illinois on primary and secondary residences.

  • Consult a tax advisor regarding deductibility of interest.

  • Must have a Credit Union membership established and be in good standing.

  • Other restrictions may apply.

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