Is it time to put the equity you’ve been building up in your home to work for you? Wanigas Credit Union offers both a fixed rate home equity loan and a variable line of credit as easy ways for you to borrow money when you need it.
Get the Credit You Deserve
Looking to make some major renovations? Don't put it off any longer! Go ahead and build that dream backyard, remodel, or fix that leaking roof. It is easy with Wanigas's Fixed Rate Home Equity Loan or Home Equity Line of Credit.
*Valid only on one-unit single-family primary residence for loan amounts of $10,000 and greater. Loans currently financed with Wanigas CU are not eligible for this offer unless the balance increases by $10,000 or more. Cannot be combined with any other offer. Borrower must qualify under normal Home Equity loan guidelines. Some restrictions may apply. Offer valid April 1, 2021 through June 30, 2021.
HELP GIVE BACK WHEN YOU APPLY ONLINE!
Apply for a Wanigas loan online, and We'll GIVE $25* to the Food Bank Council of Michigan, when you close your loan online! Applying online is quick, secure, and easy – and you can help give back to our communities in need!
*Loans currently financed with Wanigas CU are not eligible for this offer. Loan application must be submitted online, approved, and close online to qualify. Excludes line-of-credit loan types. Offer valid through June 30, 2021.
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Home Equity Options
Fixed Rate Home Equity Loan
A Fixed Rate Home Equity Loan is perfect for those who have a large, one-time expense. It offers a fixed rate and a steady repayment schedule for the life of the loan.
Click Here to learn more about Fixed Rate Home Equity Loans
Home Equity Line of Credit (HELOC)
A Home Equity Line of Credit (HELOC) is for projects that rely on multiple expenses or for those who want ongoing access to funds. HELOC's have flexible payment options and are treated similarly to credit cards.
Click Here to learn more about Home Equity Line of Credit (HELOC)
Compare Equity Options
|Fixed Rate Home Equity||Home Equity Line of Credit|
|Rate||Fixed Rate for Full Term||Revolving Credit Line, Variable Rate|
|Amounts||Loans up to $200,000 or up to 95% of your homes appraised value||Loan amount up to $200,000 or up to 90% of your homes appraised value|
|Click Here to learn more about Fixed Rate Home Equity Loans||Click Here to learn more about Home Equity Line of Credit (HELOC)|
Applying for a Fixed-Rate Home Equity Loan or Line-of-Credit
When you apply for a home equity loan or line of credit, you’ll need:
- Proof of income for all borrowers:
- Your recent pay stubs, Social Security Award Letter or pension statement
- W2's and tax returns for the last two years
- Current property tax bill
- Current Homeowner’s insurance information
- Recent mortgage statement
Ready to Apply for a Home Equity?
Applying is easy, Click ‘Apply Now’ and choose ‘Create Account’ to begin.
Click Here and then choose 'Refinance a home' to Apply for a Fixed Rate Home Equity Loan
Click Here and then chose 'Home Equity line of credit' to Apply for a HELOC Loan
For more information call (989) 799-6011 or (800) 675-2285 ext. 782 to speak with a mortgage specialist.
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