Home Equity Line of Credit

Apply Online!

Did you know you can use the equity in your home to get a new roof, make home renovations, go on a dream vacation, pay for college—or for whatever?

Yep, with a Home Equity Line of Credit (HELOC) loan, Extra Credit Union will give you access to needed funds through the financial power of your home’s equity.  We conduct an appraisal and provide up to 90 percent of your home’s value—with no closing costs.

We are happy to help you leverage your home to benefit other areas of your life with all the perks of this account:

• Variable rate home equity line of credit, competitive base rates
• Quick access with a HELOC debit card at merchants, our Main Office or any CO-OP ATM location
• No costly start-up fee {some restrictions may apply} or closing costs
• Potential tax benefits {consult your tax adviser}
• Worldwide acceptance at participating MasterCard® merchants

Ready to unlock your home’s equity? Here’s how to apply:

• Apply online: There is no obligation.
• Apply in person: Sit down and chat with one of our lenders.
• Apply by phone: Call (586) 276-3000. We are available 24 hours a day, 7 days a week.

Note: A $200 processing fee will be assessed if an advance of $5,000 or more is not made at closing or if pre-payment is made in full within 24 months.

Check out our loan FAQs for more information.