Home Equity Line of Credit | SMW Financial Credit Union | Lino Lakes, MN - Maplewood, MN

Home Equity Line of Credit

Home Equity Line of Credit

Our Home Equity Line of Credit (HELOC) is an ideal way to handle financial needs on a revolving basis. Only use the funds when you need them, unlike a fixed term loan where you pay interest on the entire amount.

Speak with one of our loan professionals today to find out how easy it is to make the most of your home's equity. Get the immediate use of your money with an affordable repayment schedule. The interest may be tax deductible*.

Put the power of your home's equity to work for you.

  • No application fee
  • Borrow as needed without re-applying
  • Only pay interest on what is used, not full approved amount
  • Low variable annual percentage rate
  • Various repayment terms available
  • Local decision-making
  • Personalized service
  • Available to first or second mortgage on a primary residence in Minnesota
  • Get approved for up to 80% of your home's current property tax value or appraised value (minus any existing first mortgage balance)
  • Automatic payments available (from your SMW FCU checking or savings account)

Check out our current rates.

*Consult a tax advisor for more information regarding the tax implications.