Home Equity Line of Credit
home equity line of credit
New projects, new possibilities, all at the same address! Unlock your home’s equity with a HELOC from Bridgeway Credit Union and turn your “one day” plans into “today” possibilities.
A Home Equity Line of Credit (HELOC) allows you to access the equity you’ve built in your home through a flexible line of credit. Whether you’re planning home improvements, financing education expenses, taking a vacation, or covering other major life expenses, a HELOC can provide convenient access to funds when you need them.
HELOC Features:
- 5-year draw period, 20-year total repayment period
- Convenient advance requests directly through our mobile app
- Funds transferred directly to your checking account
- Variable interest rate based on the current Prime Rate
Ready to Apply?
A $50 application fee applies. In addition to your online application, our lending team will need the following documents:
- Copy of your deed or mortgage
- Current mortgage statement
- Most recent pay stub
- Most recent tax-assessed property value
- Copy of a valid government-issued ID
Apply online today to take advantage of opportunities right under your roof!
All loans are subject to credit approval. Terms, rates, and loan amounts are based on overall creditworthiness.