Turn Your Home's Equity into Opportunity
Unlock your dreams with a Home Equity Line of Credit (HELOC)! Whether you're eyeing a sun-soaked vacation, tackling tuition fees, throwing the wedding of your dreams, or covering those unexpected medical expenses, a HELOC is your financial flex.
So how does a HELOC work? Think of it as an open credit line that lets you harness the power of your home’s value as collateral. Use it as often as you wish to keep life moving forward and your finances on track.
SO MANY WAYS TO USE YOUR EQUITY
HOME IMPROVEMENTS
DEBT CONSOLIDATION
COLLEGE EXPENSES
NEW VEHICLE
Loan Details
- 10-year draw period with a 15-year repayment period
- 100% loan-to-value available up to $100,000
- 90% loan-to-value available up to $250,000
- $100 minimum draw required
Rate Details
- Variable rate +/- up to 1% per quarter
- Interest rate cap: 18.00%
- Floor Rate: 4.25%
Line of Credit
- Line of credit advances can be made conveniently through iTalk, Online Banking, Mobile banking, free HELOC checks, in-person or over the phone
| Description | Loan Term \ Details | APR* as low as |
|---|---|---|
| Home Equity Line of Credit | Please call Jolt CU for details | 7.50% |
*APR=Annual Percentage Rate. Rates listed represent our best rates. Rates, terms and conditions vary based on creditworthiness, qualifications and collateral conditions. All loans are subject to approval and rates are subject to change without notice. Other conditions may apply. | ||
READY TO GET STARTED?
To begin the application process, complete the form below or call (989) 799-8744 ext. 1400 to reach the mortgage department.
Home Mortgage Disclosure Act Notice
The HMDA data about our residential mortgage lending are available online for review. The data show the geographic distribution of loans and applications; ethnicity, race, sex, age, and income of applicants and borrowers; and information about loan approvals and denials. HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau’s Website.
NMLS ID #715640
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