Home Equity Line of Credit
A Home Equity Line of Credit (HELOC) is a
variable rate that provides qualified members with an established
line of credit using real estate as collateral. The member
may establish a line of credit up to 80% of the market value
of the property less any outstanding lien.
Closed-End
Home Equity
A Closed-End Home Equity Fixed Rate loan offers qualified
members an opportunity to borrow up to 80% of the market value
of their home less any outstanding lien. This is a closed-end
loan, which means that the funds are disbursed at time of
closing. We offer Loans with terms of 5 and 10 years
for your convenience. No additional draws are allowed.
 Rates
To learn more about our real estate lending
programs, simply contact us at 989.754.6575 stop by
any branch location or send questions to talk2us@teamonecu.org. |
