With Growing Available Equity, Credit Union to Host In-Person Workshop for Area Homeowners

July 29, 2024 • News

With Growing Available Equity, Credit Union to Host In-Person Workshop for Area Homeowners

Folsom, Calif. -(July 25, 2024) - With home values increasing, SAFE Credit Union's lending and financial education teams will host a free workshop for homeowners looking for ways to tap into their growing equity.

Although home values aren't rising as rapidly as they did in 2020 or 2021, they are still on the rise, explains SAFE Credit Union Vice President of Real Estate Sales Suzanne Wages.

"For many homeowners, this means having substantial equity in their homes," Wages says. "Leveraging this equity can have a significant impact on your finances, potentially enabling you to reach new stages in life that you may not have thought possible."

The SAFE workshop, "Making Home Equity Work for You" is set for 6 to 7 p.m. (doors open at 5:30 p.m. with light refreshments), Tuesday, Aug. 6 at SAFE Corporate Headquarters, 2295 Iron Point Road, Suite 100 in Folsom. SAFE and community members can register online.

SAFE Credit Union Vice President of Real Estate Sales Suzanne Wages

Members of SAFE's Real Estate and Certified Financial Wellness teams including Home Loan Consultant Kurt Munch and Financial Wellness Manager Hector Madueno will be on hand to answer questions and discuss understanding how to access home equity through home equity lines of credits (HELOCs), paying off debt with equity, and using equity to fund home modifications and remodels.

According to data cited in USA Today, homeowner equity in the country has doubled in the past seven years. Wages says many homeowners may not realize the hidden potential of their current home equity.

"If you're a homeowner interested in learning how to leverage your home equity, I highly encourage you to attend this workshop," Wages says. "It's free of charge, there's no obligation, and it could be a significant step toward building financial freedom."

She adds that many people who open HELOCs are looking to make other life improvements.

"Some people use home equity loans to consolidate debt or make home improvements, while others might invest in a pool or cover emergencies," she says. "There are many reasons to consider a home equity line of credit or loan."

A not-for-profit financial institution, SAFE Credit Union distributes profits among its 236,000 members through dividends and lower interest rates and fees on consumer and commercial loans, as well as through financial education throughout Greater Sacramento area communities.

SAFE also provides free webinars designed to help members and the public build financial freedom.

SAFE Credit Union Home Loan Consultant Kurt Munch

SAFE Credit Union Financial Wellness Manager Hector Madueno

For more information contact us at [email protected].

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About SAFE

SAFE Credit Union has made members an integral part of its vision since 1940. Over the years the credit union has kept the focus on what really matters, putting members first, a formula that has seen SAFE grow into a leading financial institution in Northern California with $4.6 billion in assets and about 236,000 members. SAFE crafts every cutting-edge product and sterling service with members' needs foremost in mind. In addition to banking services conveniently available through online, chat, mobile, or phone options, SAFE offers in-person services for members and small businesses at service centers across the Greater Sacramento region. SAFE is a not-for-profit, state-chartered credit union with membership open to businesses and individuals living or working in Sacramento, Placer, Yolo, El Dorado, Sutter, Butte, Nevada, Solano, San Joaquin, Contra Costa, Yuba, Amador, and Alameda counties. Insured by NCUA. www.safecu.org