Home Equity Line of Credit

Home Equity Line of Credit

When you need extra cash, why not look to the very place that makes you feel most secure and comfortable — your very own home! With our home equity line of credit you'll enjoy a ready cash reserve that's available whenever you need it. Use as much as you want, when you want it, and pay interest only on what you borrow.


Details
  • Use your home equity to obtain financing
  • Variable interest rates are currently very low
  • No application fee, annual fee, or closing cost
  • Borrow up to 80% of appraised value of your home
  • Property must be your primary residence and located in Michigan
  • Monthly payments as low as $16 per $1,000
  • Maximum amount is $200,000; minimum loan is just $5,000
  • Conditional approval within 48 hours
  • Complete process takes three to four weeks
  • Access your line of credit via convenient checks
  • Minimum cash advance, and minimum check amount is $300
  • Maximum interest rate 18.0% Annual Percentage Rate
  • Interest may be deducted on your federal and state tax returns*

*Consult a tax advisor




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