Home Equity Loans
For many people, their home is the most valuable asset they own. Often, there’s a significant amount of money tied up in it. When you need to tap into that wealth, the best way to do it is through home equity loans or a line of credit. Here at Michigan Columbus Federal Credit Union we offer both. Our online application process makes it easy for homeowners like you to explore options for access to cash or a line of credit.
Home Equity Line of Credit
Home Equity Line of Credit (HELOC) is a great option for those borrowers that want to have access to funds as they need it and only repay on the funds used.
Home Equity Closed End Loan
Home Equity Closed End Loan's are the perfect choice for those borrowers that have a specific expense in mind and want a consistent payment for the life of the loan. You will receive a lump sum with fixed monthly payments to use for a home improvement project, a family vacation, college tuition expense, or an unexpected emergency, whatever your need.
Product Features:
- No closing cost
- No application fee
- No origination fee
- Flexible terms and rates
- Quick and easy closing
There are 3 ways you can apply, right here online, visit our branch or give us a call at 734-425-5080, yep it's that simple.