Fund your next project or adventure
Make it happen with a home equity line of credit (HELOC).
Eager to start your next big project or adventure? Do it with a home equity line of credit (HELOC). Home equity credit lines allow you to borrow against your home equity when you need it.
HELOCs are typically used for:
- Home improvement projects
- Easy access to cash in case of emergencies
- College tuition and related costs
- Wedding expenses
- Big purchases such as an RV, hot tub, or grill
- Vacation funds
Contact a real estate expert at Global Credit Union to discuss a HELOC.


Why a HELOC?
HELOCs are secured by your home equity. Secured credit lines typically have lower interest rates than unsecured credit lines. Plus, since it's a credit line and not a loan, you won't pay interest on funds you're not using.
Home improvement benefit: If you use the credit line to improve your home, the interest you pay may be tax-deductible. Consult a tax professional.
1
Apply
Create an account and complete our easy, online application. Feel free to contact us at the form if you have any questions.2
Get a decision
We’ll review your application and let you know if you’ve been approved within 5-7 business days.*3
Use the funds
If approved, you’ll have access to the funds within 30 business days† to start your project!*Loan decisions may take longer if additional documentation is required to prove creditworthiness.
†Deposits may take longer if we cannot verify your account information.
Global Credit Union home equity loans and lines of credit are available in Alaska, Arizona, California, Idaho, or Washington states only. Residence must be detached single-family home, duplex, or zero-lot-line that meets certain criteria. Home equity loans and lines of credit may provide tax savings through interest payment reduction (see your tax advisor).
Home equity loan |
Home equity line of credit (HELOC) |
|
---|---|---|
Description | Similar to a mortgage or consumer loan, a home equity loan is one lump sum to be paid back in regular payments, over a specified term. Often used to finance a major purchase, like remodeling your home or purchasing a new vehicle. | A line of credit you can access any time, like a credit card. HELOCs are great for when you need to access funds over a period of time, such as college, a wedding, or just to be prepared for unexpected expenses. HELOC funds can be accessed at a branch, ATM, through online account access, or telephone transfer. |
Description |
Home equity loan |
---|
Description |
Similar to a mortgage or consumer loan, a home equity loan is one lump sum to be paid back in regular payments, over a specified term. Often used to finance a major purchase, like remodeling your home or purchasing a new vehicle. |
Home equity line of credit (HELOC) |
---|
Description |
A line of credit you can access any time, like a credit card. HELOCs are great for when you need to access funds over a period of time, such as college, a wedding, or just to be prepared for unexpected expenses. HELOC funds can be accessed at a branch, ATM, through online account access, or telephone transfer. |


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