A Home Equity Line of Credit, also known as a HELOC, is a line of credit secured by your home that gives you a revolving credit line
Similar to a credit card, a HELOC allows you to borrow what you need, as you need it. As you repay your outstanding balance, the amount of available credit is replenished. This means you can borrow against it again if you need to throughout the draw period.
Home Equity Line of Credit (HELOC)
You need money over time
How It Works
Borrow up to 85% of your home's equity - $500,000 max
Variable rate 1.0 over prime rate
15 year draw
Contact our mortgage department (248)624-5222
NCUA - Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government agency. Equal Housing Lender - We do business in accordance with the Fair Housing Law and Equal Opportunity Credit Act.