Get cash from your home when you need it!
You can get a Home Equity Line of Credit (HELOC) at no cost (no appraisal needed) when you refinance your current mortgage with FreeStar Financial Credit Union.
*Existing FreeStar Financial mortgages do not apply. Mortgage and Home Equity Line of Credit must be applied for at the same time.
"Adele was awesome in helping us with our HELOC process. Every part went flawlessly if she was involved. She was kind, courteous and very helpful. Great experience with her."
~Laura P. from Macomb, MI
Whatever you need to get done ... you can do it with FreeStar Financial Credit Union's low-interest Home Equity Line of Credit (HELOC).
- Debt Consolidation
- Home Improvements
- College Tuition
- Wedding Expenses
- Rainy day fund
- The sky's the limit!
Benefits of a FreeStar Financial HELOC include:
- Borrow up to 95% of your home's value
- No annual fee
- No minimum draw required
- No prepayment penalties
The 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. A HELOC is a great safety to carry you through life.
Are you looking for a home equity loan with fixed rate and term? If so, please contact us at 586-466-7800 opt. 2.
Would you like to have a FreeStar Financial Real Estate Lending expert contact you?
|Home Equity Line of Credit|
|Effective Date: January 1, 2019|
|Adjustable every 5 years||5.500%|
|*A loan of $25,000 at 5.50% APR for 180 months would have a monthly payment of $204.00. Promotional rate is subject to change at any time without notice. Equal opportunity lender. NMLS #411386|
Our home equity line of credit application is quick and easy.Go to main navigation