Bright Horizons Newsletter

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Second Quarter 2022

BRIGHT HORIZONS 2 Message from our President & CEO

A smart start for students

Congrats 2022 scholarship winners

Our 2022 Giveback Partners make a big impact

Uncomplicate your investment plan

Put your home’s equity to work Your home can provide more than just a roof over your head. One of the perks that comes with being a homeowner is growing your home’s equity and putting it to work (for you).

Whether you’re in the process of paying down your mortgage or you own your home out-right, a home equity line of credit (HELOC) could be the perfect solution for ongoing projects, large purchases, or to have for “just in case.”

Top 3 reasons to tap into your home’s equity: 1. Fund renovations or large purchases Reinvest your home’s equity into renovation projects, such as a bathroom remodel or upgrading your back deck. This will increase the market value of the property and your equity in tandem. 2. Cover education costs The average cost of tuition at a public college for the 2021-2022 year is $10,388.1 While many take out student loans to cover the cost of a higher education, using your home’s equity is another feasible option. 3. Pay off high-interest debt A HELOC could be an affordable way to consolidate higher interest debt. The rate for a HELOC is typically lower compared to borrowing products not secured by collateral.

Get things done with a home equity line of credit Convenient access to funds with a 10-year draw period—plus: No application fee No closing costs

Intro APR2

No annual fee No early closure fee or prepayment penalties

for first 12 months

Get started Scan the QR code or visit: gecreditunion.org/home-equity.

1 USNews: "See the Average College Tuition in 2021-2022." 9.13.2021. 2HELOC: Annual percentage rate (APR) as low as 2.49% is the introductory rate for a 12-month period immediately following the date of agreement; only available on new loans (new money). Rate is subject to adjustment on the first day of each calendar quarter to Prime – 0.00%. Monthly payment of Principal & Interest (P&I) for a loan amount of $50,000.00 is $471.12. Rates are subject to change daily.


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