Tap into Your Equity
Empowering your plans with the value of your home.
Flexible financing with a home equity line of credit
Use your home’s equity to fund life’s big expenses, from renovations to medical expenses, paying interest only on what you borrow.
Choose the right one for you.
What’s the difference between a Home Equity Loan and a Home Equity Line of Credit?
Home Equity Loan
Choose a Home Equity Loan for home repairs and much more. This option gives you a lump sum to use, which is paid back in installments over a certain amount of time.
Home Equity Line of Credit (HELOC)
Choose a HELOC as a flexible source to finance home repairs and upgrades. A line of credit allows you the ability to draw money whenever you need for a period of time. You only pay interest on the amount you borrow.
What documents you need to apply
Gather these items together before you start the application.
- Driver’s License or Government Issued Picture ID
- Valid Email Address
- Proof of Income
- Co-Borrower(s) Information (if applicable)
- Property Details
- Current Mortgage Info
Do more with the equity in your home.
Making your home work for you with a Home Equity Line of Credit.
Or speak directly to a lender:
888-456-3220
Our HELOC benefits
Affordable financing
Pay a lower application fee than traditional mortgages.
No pre-payment penalties
With no prepayment penalties, you have the flexibility to save on interest and get ahead on your financial goals.
Flexible access
Access money as needed and make payments only on the funds you use.
Make transfers fast
Easily access your available credit – make transfers in person, over the phone, or online.
Lower closing costs vary by state
Enjoy the benefit of lower closing costs, which vary by state, helping you save more when finalizing your loan and making your homeownership journey smoother.
Our members love us
The loan process was so easy and fast. The Marine Credit Union staff is friendly and courteous. It’s a wonderful place to bank with!