Home Equity Loans

Home Equity Options from your Catholic Credit Union

Use the equity you already have in your home to help finance your project or major purchase. Of course, there is a lot to consider and that’s where we come in. As your trusted Catholic credit union, we are here for you—every step of the way.

Home Equity Line of Credit*

  • A line of credit loan that allows you flexibility to borrow some money now, use as you go, and use later.
  • Easy and convenient access when you need it.
  • Borrow up to 80% of your combined loan-to-value (including your first mortgage).
  • Seven year draw period and a fifteen year amortization.
  • Low variable rates.
  • Minimum loan is $10,000.
  • Catholic Vantage Financial MLNS# 491926

A Home Equity Line of Credit is useful for borrowers that need some funds now and some funds later.

For example:

  • Ongoing home improvement or remodeling projects.
  • A variety of large purchases such as new appliances and furniture.
  • Vacation home.
  • To help pay for college or private school costs.
  • Pay off higher rate debt.

Here’s more information about Home Equity Line of Credit Loans:

Learn everything you need to know before you start.
Stop by our office or call 734.432.0212 and talk to a lending specialist.









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    **A home equity loan will place a second lien on your home. There is an estimated appraisal fee of approximately $500 depending on home structure and property. Your fee may be more or less depending on property and appraisal required. Home owners insurance is required. Flood insurance may be required. Mortgaged property must be located in Michigan. Your rate will be based on credit history, term and combined loan-to-value of collateral. Member must have sufficient income to cover debt. Minimum loan amount is $10,000. Other terms and conditions may apply. Contact us for more information. The Home Equity Line of Credit Loan is a variable rate based on the Wall Street Journal Prime Rate and can change quarterly.

    Catholic Vantage Financial NMLS#491926Equal-Housing-Lender-copy