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Financial flexibility you need to get things done

Equity Advantage

As low as
4.25% APR1

Your home's equity works to your advantage.

Home Equity Line of Credit
Get an introductory rate of 3.75% APR* for the first 12 months** then a variable rate as low as 5.00% APR*            

Your home holds the key.

Our Equity Advantage option is the right fit for members who want to tap into the equity of their Michigan home. As a not-for-profit credit union, we can offer a home equity product with a rate that helps you maximize your home's equity so more of it goes toward your home improvement project, education expenses, debt consolidation or anything else you have in mind.

Your home holds the key.
Apply Now
Related resources

What is the difference between a Home Equity Loan and an Equity Advantage Loan? 

A Home Equity Loan is a closed-end/term loan for a borrower who plans to keep their primary mortgage. Equity Advantage is for borrowers who own their home free and clear or plan to pay off their mortgage with the proceeds from the equity loan. A Home Equity Loan allows you to have two liens against your home while an Equity Advantage only allows you to have one. The benefit of the Equity Advantage is it allows you borrow against your home without paying closing cost as you would for a refinance. Read more in our Home Equity section

What is an Equity Advantage Loan? 

A Home Equity Loan is a closed-end/term loan for a borrower who plans to keep their primary mortgage. Equity Advantage is for borrowers who own their home free and clear or plan to pay off their mortgage with the proceeds from the equity loan. A Home Equity Loan allows you to have two liens against your home while an Equity Advantage only allows you to have one. The benefit of the Equity Advantage is it allows you borrow against your home without paying closing cost as you would for a refinance. Read more in our Home Equity section

What are the benefits of an Equity Advantage Loan? 

A Home Equity Loan is a closed-end/term loan for a borrower who plans to keep their primary mortgage. Equity Advantage is for borrowers who own their home free and clear or plan to pay off their mortgage with the proceeds from the equity loan. A Home Equity Loan allows you to have two liens against your home while an Equity Advantage only allows you to have one. The benefit of the Equity Advantage is it allows you borrow against your home without paying closing cost as you would for a refinance. Read more in our Home Equity section

1 APR=Annual Percentage Rate. Actual rate offered is based on creditworthiness factors, term, amount, collateral, and loan to value. Maximum loan to value is 90%. Other conditions may apply. Rates subject to change.
*Credit Union ONE waives fees for Collateral Valuation (including appraisal if required), Credit Report, Flood Certification, Junior Title Policy and Mortgage Recording. Applicant pays appraisal fee which is fully reimbursed at closing if loan approved and loan closes within 45 days of application.