Fund your next project or adventure

Make it happen with a home equity line of credit (HELOC)

Why a HELOC?

HELOCs are secured by the equity in your home, and typically have a lower interest rate than unsecured credit lines. Plus, you don't have to pay interest on funds that you are 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.

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Home equity loan vs. HELOC

Home equity loan

Best when you need the full amount right away

Home equity line of credit (HELOC)

Best if your needs could change over time
Rate type Fixed rate Adjustable rate
Payments Fixed monthly payment Variable monthly payments based upon how much you borrow
Access to funds Receive your loan in one lump sum Borrow what you need, when you need it
Apply now Apply now
Rate type
Payments
Access to funds

Home equity loan

Best when you need the full amount right away
Rate type
Fixed rate
Payments
Fixed monthly payment
Access to funds
Receive your loan in one lump sum
Apply now

Home equity line of credit (HELOC)

Best if your needs could change over time
Rate type
Adjustable rate
Payments
Variable monthly payments based upon how much you borrow
Access to funds
Borrow what you need, when you need it
Apply now

What to expect

1

Apply

Create an account and complete our easy, online application.

Create an account

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).

Alternatives to home equity loans

Personal loans

From lines of credit to signature loans, Global Credit Union has the financing options you're looking for.

Credit cards

Low, fixed rates and travel rewards with every purchase—what more could you want from a credit card?

Cash-out refinance

Get extra cash by closing out your old mortgage and taking out a new mortgage for more than you owed.

We're here to help

Unsure if a HELOC is the right fit for you?

Fill out our form, and our real estate experts will reach out to discuss your unique needs and guide you towards the best financial decision.

Let us help you unlock your home's potential!

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