Home Equity Loans in Livonia, Michigan
Get Your Home Equity Loan in Livonia! Contact Joann today at 734-463-3034.
Property values across the country have soared in recent years. If you’re looking for a way to finance an upcoming expense, a home equity loan for your Livonia, Michigan property is a low-cost choice to consider.
Here’s everything you need to know about home equity loans from CVF Credit Union.
Home Equity Loan Benefits
When you use a home equity loan to borrow a lump sum of cash, you can use either your primary residence, second home, or investment property as collateral. There aren’t any restrictions on how you can use the funds. So whether you’re planning a home renovation project, a major life event like a wedding, or college tuition payments for your kids, you can use your loan proceeds.
Closing costs are minimal, and since your home is used as collateral, we’re able to offer extremely low interest rates. And as long as you’re eligible, you can choose how much you want to borrow. CVF offers home equity loans starting as low as $10,000 all the way up to $250,000. Finally, you’ll get a fixed interest rate, which means you know exactly how much you’ll pay each month and for how long.
How a Home Equity Loan Works
Once you have an idea of how much you want to borrow, we’ll help you find the perfect balance between covering your needs and making sure your monthly payments are comfortable. You’ll also need a home appraisal to determine its current market value. After your home equity loan application is approved, you’ll receive your loan funds.
Ready to make your Livonia home equity work for you? Apply for a CVF Hone Equity Loan today! Contact Joann today at 734-463-3034.
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**A home equity loan will place a second lien on your home. There is an estimated appraisal fee of approximately $500. Your fee may be more or less depending on property and appraisal required. Additional fees may apply. Home owners insurance is required. Flood insurance may be required. Mortgaged property must be located in Michigan. Your rate will be based on credit history, term and combined loan-to-value of collateral. Member must have sufficient income to cover debt. Minimum loan amount is $10,000. Other terms and conditions may apply. Contact us for more information. The Home Equity Line of Credit Loan is a variable rate based on the Wall Street Journal Prime Rate and can change quarterly.
Put Your Equity To Work… Today
Complete this form and we will be in touch soon to start the process right over the phone. Don’t want to wait? Give us a call at (734) 432-0212.