Tap into your Equity
Need funds for a large expense or want to have cash ready to remodel your home? Borrow as you go (up to your limit) from a line of credit secured by the equity of your home, with a Home Equity Line of Credit (HELOC) with Central Willamette.
Fixed for Five
Use this option to finance up to 90% of your home's value while locking in your rate for 5 years. With a 10 year draw period and 15 years for repayment, get up to $350,000 towards your next great project.
Plus Line
Access up to $350,000 of your home's equity over a 10 year draw period. Financing up to 90% of your home's value allows you access to more money for all those projects while also having an opportunity to lock in a portion of your balance to save on interest!
Meet Our Real Estate Team
Kelsey Drager
541-704-4707
NMLS: 1930423
With years of experience in banking and real estate, Kelsey knows how essential it is to have a professional who understands the industry and listens to your needs. She has extensive knowledge of the local markets and a passion for helping members. When Kelsey is not helping members, she can be found at the race shop with her husband working on their race cars.
Jay Nevin
541-704-4717
NMLS: 1105736
Working in the Banking industry since 2007, Jay enjoys creating financial solutions for members. Whether you are looking to purchase your dream home or refinance your current mortgage, you can rest assured that you are in excellent hands. When Jay is not helping members with their real mortgage needs, he is at home spending time with his two cats Camille and Kevin.
Frequently Asked Questions
A home equity line of credit (HELOC) is like a credit card, where you have a balance that you can use. As you pay off what you borrow, you can access those funds again. And HELOCs have a different fee and interest rate structure than a home equity loan.
The equity in your home is the difference between the amount your house is worth and the amount you still owe on the house.
- Flexible borrowing power
- Instant cash advance and with no minimum
- No cash advance fee
- Property must be owner-occupied
- Loan to value up to 90%
- Competitive fixed and variable interest rate
- Access as frequently as you wish
- 120-month advance period
- 180-month repayment period
- A $50 annual fee will be assessed on the first business day of each year.
We currently do offer the option to make your loan payment online with a debit card. Just click the Make a Payment link to process your payment.
Yes, you may make your loan payment online from your Central Willamette account(s) by logging into Online Banking and clicking on Move Money.