HOME EQUITY LOANS
Lively dinner parties in your remodeled kitchen. Summer evenings in your new four-season room. Or a comfortable atmosphere with your new energy-efficient upgrades. As your life changes and your family grows, or grows up, your home may need more room, a new layout, or some updates. Reimagine your space and keep making memories with a fixed home equity loan or home equity line of credit (HELOC).
Equity is the difference between the appraised value of your home and what you still owe on your mortgage. This value is considered during the approval process for your loan.
A fixed home equity loan allows you to get all your financing at once, and you’ll make the same monthly payment over time. A HELOC offers a revolving credit line secured against your current home, so your payments could change. This is a good option if you need to pay for supplies or pay contractors at different times during a project.
Humble Design • The City Rescue Mission of Lansing
Isabella County Restoration House • LACASA
Shelter Association of Washtenaw County • Love in Action