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Home Equity Line of Credit (HELOC)

Are you a homeowner seeking financial flexibility? Discover the benefits of a Home Equity Line of Credit (HELOC) from T&I Credit Union. We offer competitive Home Equity Loan rates in Michigan so that you can tap into the equity of your home and secure the funds you need. HELOCs are the latest modern financing solution that allows you to tap into the equity in your home to fund home improvements, handle unexpected emergencies, and more.

Line of Credit APR* Maximum Loan Amount
120 Months 8.00% Varies

Application Fee: $75.00

Kathy Karner, CEO
kathyk@ticreditunion.org
Text or call (248) 588-6688

Key Features of HELOC:

  • Access funds using the equity in your home

  • Use the money for home improvements, emergencies, and more

  • Enjoy the flexibility of a variable interest rate

Why Choose T&I Credit Union for Your HELOC?

  1. Competitive Rates: Benefit from competitive interest rates and flexible repayment terms, ensuring affordability for our members.

  2. Access to Your Home's Equity: Tap into your home's equity as needed, providing you with the freedom to achieve your financial goals.

  3. Personalized Service: Enjoy personalized guidance from our team, providing support tailored to your unique needs.

  4. Local Expertise: As a Michigan-based credit union, we understand the local housing market and can offer insights specific to your area.

Benefits of a HELOC with T&I Credit Union:

  1. Flexible Borrowing: Borrow funds as needed, up to a predetermined credit limit, and only pay interest on the amount borrowed.

  2. Home Improvements: Use your HELOC to fund home renovations, repairs, or upgrades, increasing your home's value.

  3. Debt Consolidation: Consolidate high-interest debts into one manageable payment with potentially lower interest rates.

  4. Education Expenses: Finance education expenses, ensuring access to quality education for yourself or your loved ones.

  5. Emergency Funds: Keep a HELOC open for unexpected expenses or emergencies, providing financial security.

Getting Started with Your HELOC in Michigan

  1. Evaluate Your Needs: Determine your financial goals and how a HELOC can help. Calculate your home equity and borrowing requirements.

  2. Connect with Our Team: Reach out to our experienced professionals who can guide you through the HELOC application process.

  3. Application and Approval: Complete the application, providing necessary documentation. Our team will review and process your request.

  4. Accessing Your Funds: Once approved, access your funds as needed through checks, online transfers, or a designated HELOC debit card.

Apply for Your hELOC

Click the button below to contact our helpful staff for more information on our Home Equity Line of Credit (HELOC) program and for an application to apply

Calculate Your Cost

Use our convenient financial calculator below to estimate your monthly payments and determine the affordability of opening a Home Equity Line of Credit:

Unlock the power of your home's equity with a HELOC from T&I Credit Union. Contact us today to learn more and take the first step toward achieving your financial goals.

Unlock Your Home's Potential with a HELOC

Discover the power of a Home Equity Line of Credit (HELOC) and how it can help you access your home's equity. Like a flexible credit card, a HELOC allows you to borrow against your home's value with a revolving line of credit. Find out how to estimate your potential HELOC amount and learn about the differences between a HELOC and a credit card. Qualify for a HELOC by understanding the lender's criteria, but be aware of the risks involved, including the use of your home as collateral, variable interest rates, and potential overborrowing. Is a HELOC the right financial move for you? Click the button below to read more and make an informed decision.

Disclaimer: *The ANNUAL PERCENTAGE RATE will vary in accordance with an Index. The "Index" is the average "Prime Rate" or "Base Rate" on corporate loans at large 
U.S. Money Center Commercial Banks as quoted as the average in The Wall Street Journal, "money rates" column. Up to 80% LTV. The margin to be added to the Index 
is zero (0) percentage points. Currently, the ANNUAL PERCENTAGE RATE is 8.00% per year, which corresponds to a daily rate of 0.2192%. All Loans are subject to credit review 
and approval. Rates and offers are subject to change without notice. Actual rates may vary based on credit score. Existing T&I loans excluded. 
Effective 10/01/2024-12/31/2024.
alt text  NMLS# 809624