Our 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 Closed End Loan
Home Equity Closed End Loans 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.
Home Equity Line of Credit (HELOC)
No matter what you are dreaming, a new kitchen, bathroom, addition, consolidating your debt or going on that long overdue dream vacation, we have you covered. Michigan Columbus FCU's Home Equity Line of Credit (HELOC) is a revolving variable rate line and presents a great option for those borrowers that want to have access to funds as they need it and only repay on the funds used, similar to credit cards.
Take advantage of the introductory offer of 4.99% APR* and lock in your rate today for the next 6 months. It's no cost to you and we make the process easy.
Product Features:
- No closing cost
- No application fee
- No origination fee
- Flexible terms and rates
- Virtual 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.