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Your equity – or the difference between your home’s value and what you owe on your mortgage – can be turned into easy money to fund almost anything, fast. Then, a low standard variable rate (as low as 6.25% APR) after that. Plus, get approved online in 10 minutes to get you moving fast toward your goals! Already have a HELOC? Refinance with Summit and save — starting with 0% for the first three months!

Use Your Home Equity to Achieve More

Fund a home improvement project (or two) that increases your home’s value even more. Pay off higher-interest debt and save hundreds! Plus, replace multiple bills with one low-interest monthly payment. Create a flexible emergency fund and be prepared for a burst pipe, furnace burnout — anything. A HELOC is a great, flexible option that gives you access to a pool of money and lets you borrow what you need, when you need it.
  • No or low closing costs, no annual fees or prepayment penalties
  • Get a variable rate as low as prime minus 0.50%
  • Lock in your balance to a low rate for a term of up to 15 years
  • Deduct your interest from your taxes (if eligible)
  • Easily access your funds online
An Interest-Only HELOC is great if you’re looking for a lower, more affordable payment. Payments only include interest accrued on the loan – no principal – during the “draw” or borrowing period.
  • Get ALL the same advantages of a standard HELOC with the same low rate
  • Only pay interest accrued since the last loan due date, or $50 (whichever's greater)
  • Pay more when you can — ideal for commission-based or seasonal work
If you have a project and price tag in mind, a Home Equity Loan lets you take out a set amount and lock in a fixed rate, so you can count on standard monthly payments over your term.
  • Lock in a great fixed rate and low closing costs
  • Deduct your interest from your taxes (if eligible)
  • Forget about annual fees and prepayment penalties
When it comes to using your home’s value, you might be surprised at everything it can help you accomplish! As Wisconsin’s #1 Mortgage Lender, we’re here to discuss all the possibilities – and find which route is right for you. Check out your options below. Then, schedule a time to chat about your questions! Get Started with the Credit Union That Does More for You More Tools & Resources

FAQs

Increased value in your current home could also mean it’s a great time to sell and upgrade to a new home. Get free preapproval in less than 15 minutes. Know price and monthly payment the day you apply, so you can feel totally in control from day one! With low fixed rates and short terms, a personal loan can be a smart option to cover a variety of costs, from that upcoming trip to an unexpected dental bill.
Want to learn more about how to make the most of your home’s equity? Let’s get in touch and we’ll answer any questions!