Loans
Flexible financing options: MyPoint Credit Union HELOC review
Get the money you need quickly! MyPoint Credit Union HELOC provides a hassle-free process and charges no closing costs! Read on and learn more!
Advertisement
Note: Some information in this post might be outdated. For the most current documentation and updates, please refer to the product’s original page.
Enjoy a promotional APR for 12 months!
Do you need some extra cash but don’t know where to get it? Then don’t miss our MyPoint Credit Union HELOC full review! This credit union will help you achieve your goals!
All this with flexible financing options and no annual fees! So keep reading and learn everything you need to know! Are you ready? Then let’s get started!
| APR | 7.24% promotional APR for the first 12 months; after that, 8.25% APR; |
| Loan Purpose | Debt payoff, vacation, unexpected expenses, large purchases, home improvements, and more; |
| Loan Amounts | Up to $250,000; |
| Credit Needed | Not disclosed; |
| Terms | Not disclosed; |
| Origination Fee | Not disclosed; |
| Late Fee | Not disclosed; |
| Early Payoff Penalty | None. |
You will be redirected to another website
You’ll receive messages for less than 1 week, with a maximum of 1 message per day. You can unsubscribe anytime by replying STOP. By submitting this form, I confirm that I am 18+ years old and agree to the Privacy Policy and Terms and Conditions. I also provide my signature, giving express consent to receive informational messages via automated emails, SMS, MMS text messages, and other forms of communication. Message frequency may vary as part of our good-faith effort to respond to your inquiry. Message and data rates may apply. Text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and that I may revoke my consent at any time.
MyPoint Credit Union HELOC overview
MyPoint Credit Union offers a flexible and convenient financial product to those wanting to invest in their home equity and guarantee extra money!
The MyPoint Credit Union HELOC starts by offering an amazing discount on your APR! As a result, you’ll enjoy 1.01% off on their already lower-than-average interest.
Also, they won’t charge any application, appraisal, pre-payment, or annual fees! Also, there are no closing costs either, which is an excellent way to save money!
Customers with existing HELOCs are also eligible for a $500 refinance fee! Plus, your interest might be tax deductible!
Lastly, the MyPoint Credit Union HELOC can be used for several purposes: debt consolidation, home improvements, educational costs, large purchases, and more!
Is it worth it to apply for MyPoint Credit Union HELOC?
As you can see in this full review, MyPoint Credit Union HELOC is an excellent solution for homeowners looking for flexible lending conditions and a convenient process!
Indeed, this credit union provides competitive rates and charges almost no fees, which is of great help to those who need quick access to money with lower costs!
But is it the right option for your needs? We’ve gathered and compared this lender’s pros and cons to help you decide! So let’s take a closer look below.
Benefits
- Enjoy 1.01% off on your APR for the first 12 months;
- Pay $0 application, pre-payment, annual, or appraisal fees;
- There are no closing costs;
- Your interest rate might be tax deductible;
- Use the amount for several purposes;
- Enjoy a HELOC calculator to help you check your rates.
Disadvantages
- They won’t display clear information about fees on their website; you must contact them for that;
- Lacks information about their requirements.
What credit score is required for the application?
Unfortunately, MyPoint Credit Union HELOC won’t provide clear information about their credit score requirement, meaning you can take your chances with any score.
However, they might consider other factors, like the home’s value, assets, income, and more!
Overall, having a higher credit score will help you qualify for better conditions and higher amounts.
How does the application process work?
If you’re ready to apply for the MyPoint Credit Union HELOC, you’re in the right place! In today’s article, you’ll learn how their process is simple and fast!
This credit union provides flexible and convenient conditions to help you tap into your home’s value! So stay with us and discover how to apply!
Apply online
The process to apply for the MyPoint Credit Union HELOC is simple! Firstly, you need to access their official website. We’ve provided it above to help you!
Once you’re on the HELOC page, scroll down and select the “Apply for a Loan Now!” button! On the next page, select the “Start a new application” option and press “Next.”
Further, you’ll access the application form. First, you must provide your personal and contact information. Next, provide your property information and assets.
Lastly, you’ll need to fill out the form with your financial data, including expenses and income. Once done, review all you’ve provided and submit your application.
Now, wait for the result and, if approved, follow their instructions to complete your HELOC request! The process takes about 20 minutes!
Requirements
MyPoint Credit Union won’t disclose its minimum borrowing requirements on its official website.
But, overall, applicants must be at least 18 and provide proof of homeownership as well as proof of income and assets.
They don’t disclose a minimum credit score either, but having higher credit will help you qualify for better conditions, such as higher amounts and lower rates!
Apply on the app
Those interested in applying for the MyPoint Credit Union HELOC, can only do so through the official website! Still, you can follow the steps above and apply through your mobile!
Furthermore, MyPoint Credit Union provides an excellent mobile app to its customers! Thus, you can receive the requested amount at this account and easily manage it!
Their mobile banking toll is available for iOS and Android systems and ready to help you make the most of your finances!
MyPoint Credit Union HELOC vs. Figure Home Equity Line of Credit: which one is the best for you?
Indeed, MyPoint Credit Union HELOC is an excellent option to help you get the money you need with flexible conditions! But why not expand your options?
Figure Home Equity Line of Credit provides a simple application and fast approval. And you can receive the HELOC amount within 5 minutes!
You can borrow up to $400,000 with flexible conditions and personalized rates! Also, borrowers won’t pay early payoff penalty fees!
Do you want to learn more? Then take a closer look at both lenders’ main features and decide which is the best fit for your current needs!
| MyPoint Credit Union HELOC | Figure Home Equity Line of Credit | |
| APR | 7.24% promotional APR for the first 12 months; after that, 8.25% APR; | Not disclosed; |
| Loan Purpose | Debt payoff, vacation, unexpected expenses, large purchases, home improvements, and more; | Home improvements, Fund a small business, Debt consolidation, Pay for college tuition, and more; |
| Loan Amounts | Up to $250,000; | $15,000 to $400,000; |
| Credit Needed | Not disclosed; | 640 minimum; |
| Terms | Not disclosed; | 5, 10, 15, or 30 years; |
| Origination Fee | Not disclosed; | 4.99%; |
| Late Fee | Not disclosed; | N/A; |
| Early Payoff Penalty | None. | N/A. |
Are you ready to apply for the Figure Home Equity Line of Credit and get funded quickly? Great, then we can help you!
The following article will explain how to apply for the Figure Home Equity Line of Credit in a few steps! So keep reading and learn more!
Apply for Figure Home Equity Line of Credit
Apply for a Figure Home Equity Line of Credit! With a simple online application process, it's easier to obtain the value of your home.
Trending Topics
Three types of fees: a guide for beginners
If you're thinking about asking for a loan, you should learn about the three different types of fees by reading this article.
Keep Reading
What is tax deduction and how does it work?
Discover the basics of how does tax deduction work. Also, learn the types of deductions available, and how to use them in your favor. Read on!
Keep Reading
Luxury Titanium Card Review
Want to travel in style and earn cash back? Check out our Luxury Titanium card review and see how its features can benefit you.
Keep ReadingYou may also like
Freedom Gold Credit Card Review: $750 credit limit
The Freedom Gold credit card is an easy way to access credit. No credit, no employment or no income checks. Come and get it!
Keep Reading
Social Welfare Programs: all you need to know
Learn about the history of social welfare programs and how they continue to shape our modern society. Discover what's currently available.
Keep Reading
Amex Blue Cash Everyday® Card Review: Earn more!
Looking for a cash back credit card? Check out our in-depth review of the Blue Cash Everyday® Credit Card from American Express.
Keep Reading