A Home Equity Line of Credit enables you to use the equity in your home as collateral to make advances on a line of credit for an agreed period of time. Similar to a credit card, the advances made are not to exceed the credit limit.
Please note that this product is not available in Texas.
Features
It's all about convenience with the Equity Express® debit card. Use the card like you would a Visa® debit card to make purchases or cash advances. It's available on most of our fixed, adjustable and interest-only Home Equity Line of Credit loans. Ask your ECU mortgage loan specialist to open your Equity Express® at the time you are approved for a Home Equity Line of Credit.
Please note that this product is not available in Texas.
Whether you have a lot of equity in your home or just a little, ECU has a home equity loan that's right for you. With a home equity loan, you can use the equity in the home as collateral. These loans are useful in financing major events such as home repairs, medical bills or college education expenses.
Features
*Maximum loan-to-value is 80% on manufactured homes and 80% for homes in Texas.