Spending your savings on a major expense doesn’t always make sense.
A better solution for homeowners may be a Prime Home Equity Line-of-Credit (HELOC) or a Single Advance Home Equity Loan from DCECU. A HELOC or Home Equity Loan can be used for major purchases, remodeling projects, home repairs, emergencies, or to pay off higher-rate debt. Plus, they both qualify for the potential year-end Member Giveback and Loan Interest Rebate.
Both the Prime Home Equity Line-of-Credit and Single Advance Home Equity Loan offer loan amounts up to $250,000 and are available on primary and secondary homes.1
Limited to developed, non-agricultural, non-income producing homes located within Michigan. Other loan limitations may apply. ↩︎
Qualified borrowers may be able to lower their interest rate at DCECU.
NMLS numbers for DCECU & our loan officers
Mortgage Loan and Home Equity Loan Credit Granting Criteria
How to escalate a dispute regarding Mortgage Servicing