Now is a great time to consider a Home Equity Line of Credit!

With rates as low as 7.50% APR** for all new HELOC applications, the dream of renovations, repairs, or even funding major life events can be a reality. 

A Home Equity Line of Credit (HELOC) is a variable-rate second mortgage loan that’s secured by the equity in your home. You can access as little or as much as you need at any time, up to the line limit. Some great features and benefits of a HELOC include:

  • Borrow up to 90%*** of your home’s value
  • No annual fees
  • No minimum draw is required
  • No application fee
  • Money for renovations and repairs
  • Funds available for unexpected expenses
  • Pay off high-interest debt
  • Fund major life events

The qualifying HELOC rate is guaranteed for 5 years and adjusts every 5 years after that. There is a 10-year draw period and monthly payments are calculated based on a 15-year repayment. You only pay on what you borrow.

Please contact us at 586-466-7800 opt. 2 or click below to have us contact you at a convenient time. 

CONNECT WITH US NOW             APPLY TODAY - DON'T WAIT

Home Equity Line of Credit
Effective Date: Tuesday, May 20th, 2025
TypeAPR*
Adjusts every 5 years 7.50%
**APR = Annual Percentage Rate. A loan of $100,000 @ 7.5% for 180 months would have a monthly payment of $941. The promotional rate is subject to change at any time without notice. NMLS #411386
 *** Only applies on 2nd lien HELOCs when FreeStar Financial is in 1st lien position. Otherwise, 80% is the maximum.
MILITARY RATE DISCOUNT TERMS: Eligibility for a 1% rate discount on certain loan products, excluding Mortgages, Holiday Loans, Business Loans, Courtesy Pay loans, Loyalty Lines of Credit, Military Line of Credit, and promotional loan rate offers. This offer is available to Active Duty, Veterans, and Retirees. To qualify, military members must establish a full direct deposit in their name totaling at least $1,100 per month into their checking account. Discount subject to qualification and can change without notice. Military Status Verification: Verification of military status is required. Acceptable proof includes Military ID, Retirement ID, or DD214 (Certificate of Release or Discharge from Active Duty). Terms and conditions apply.

 

 

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