Home Equity
Put your home’s value to work for you with a Directions home equity solution. The equity you’ve accumulated in your home can be a source of financing for the big, or little, things you need. Here is some information to help you decide if a home equity loan from Directions Credit Union is right for you.
What is a home equity loan?
A home equity loan allows you to borrow on the equity or value you have in your home. Your home is used to secure the loan. Click here for further information.
Ways to put your home equity loan to work.
- Home Improvements
- Education/Tuition
- Automobiles
- Wedding
- Debt Consolidation
Directions Equity Solutions
Directions Credit Union offers several different home equity solutions. A Directions representative can help you determine which product best meets your needs.
Smart Line Revolving Home Equity Line-of-credit
- Borrow up to 80% of your home’s equity (LTV)
- Low Closing costs and application fee
- No annual fee
- No fee for the first 25 checks
Equity Elite Line-of-Credit
- Borrow up to 90% of your home’s equity (LTV)
- Low closing costs and application fee
- No annual fee
- No fee for the first 25 checks
Home Equity Loan (Closed-end loan, not revolving)
- Low fixed and adjustable rates
- Competitive terms
- Low closing costs and application fee
- No annual fee
We do business in accordance with Federal Fair Housing Law and the Equal Credit Opportunity Act.
