Scammers are impersonating Shell FCU employees, using different phone numbers or spoofing our official number (713) 844-1100 to steal personal information. They may call or text asking for your SSN, DOB, passwords, or Digital Banking details—DO NOT SHARE! Hang up or delete the message immediately. Shell FCU will NEVER ask for your credentials. If in doubt, call us directly at (713) 844-1100. Remember: If YOU call us first, the number can't be spoofed! Stay vigilant.
A HELOC allows you to utilize your home's equity as a revolving line of credit. A HELOC offers flexibility to borrow as you need for any reason, up to a set maximum credit limit. This is a great option if you are unsure of the total amount needed and it leaves the door open to access more funds over a period of time.
As you pay down the balance of your line of credit, your funds become available to use again. Borrow the funds you need and repay the funds you use. Funds are replenished as you pay down your balance. You'll only pay interest on the amount you use, plus, you'll be borrowing at a lower interest rate than most personal loans or credit cards.
HELOC Loans can help with...
Debt consolidation
Home improvements
Vacation
Wedding
Education
Emergencies
Or for almost any reason you need cash
Product Name
APR*
Terms
Home Equity Line of Credit: First Lien
Call (713) 844-1100 for current rates.
240 months
60 months Draw Period
180 months Repayment Period
Home Equity Line of Credit: Second Lien
Call (713) 844-1100 for current rates.
240 months
60 months Draw Period
180 months Repayment Period
Terms to Know:
Draw Period – The amount of time allowed to withdraw funds from the line of credit.
Repayment Period – The time period when you start repaying the money you borrowed. During this period, you can no longer withdraw funds from your line of credit.
A Shell FCU HELOC allows you to borrow up to 80% of the appraised value of your home (less any outstanding lien). In most cases, the interest is tax-deductible.
We've put together a HELOC packet of information, which includes:
HELOC worksheet to help you determine the equity in your home
Checklist of items you'll need when applying for a HELOC and other pertinent information about service providers and lending disclosures
To learn more about Home Equity Lines of Credit, click here.
As always, feel free to contact a loan officer if you have questions.
*APR denotes Annual Percentage Rate. Financing not to exceed 80% Loan to Value less any existing liens or loans. By law, Home Equity loans are only available on primary residences and only one Home Equity loan can be financed per 12 month period. Consult with your tax professional for tax-related advice.
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You are about to leave the FCU Team Website and be directed to:
The external website you are linking to is not operated by Shell Federal Credit Union. We are not responsible for any content or information on this external website. Shell Federal Credit Union is not responsible for, nor do we represent you or the external website if you enter into any agreements. Privacy and security policies may differ between our website and this external site.