Whether you're looking to improve your home, your lifestyle, or pay the tuition bill, the equity you’ve built in your home may provide an affordable solution.

When you have equity in your home—when you owe less than it's worth—you can borrow against that value at a great rate. GE Credit Union offers both Home Equity Loans and Home Equity Lines of Credit (HELOC). Unlike other loans or credit cards, your borrowing is secured by your home and any interest you pay may be tax deductible.¹

Both Home Equity Loans and HELOCs include these options:

• Borrow up to 80% of your home’s value, up to $450,000¹
• No application fee
• No closing costs
• No annual fee

A Home Equity Loan can help you pay for things like home improvements, college tuition, big repairs, or any other large purchase. You’ll get a great, low fixed rate and get your loan in one lump sum—so you can pay for what you need all at once.

• Rates as low as 3.75% APR¹
• Terms up to 20 years¹

A Home Equity Line of Credit (HELOC) works as a revolving line of credit, which means you’ll have the funds you need, when you need them, to help make those big changes in your life a success. Like a credit card, you pay interest only on what you actually use. Our HELOCs feature:

• Variable rates as low as 5.25% APR²
• No minimum draw required²

Utilize your home's equity to make your dreams come true!

If you have any questions about a Home Equity or other borrowing options, talk to your local branch representative, call us at 800.992.8472, or go to myGECreditUnion.com.

Apply today! See all of our rates and terms

Learn more about home equity borrowing at our Financial Resource Center.

1. APR= Annual Percentage Rate. Loan rates subject to change without notice. No application fee, no closing costs, no annual fee. Borrower pays third party closing costs if the account is closed within the first 15 months (maximum of $500). Title insurance required on some loans over $100,000. Up to 80% LTV, 1-4 family, owner-occupied properties and approved condominiums. Maximum loan or line of credit is $450,000. Consult your tax advisor regarding the deductibility of interest. GE Credit Union is an Equal Opportunity Lender.
2. No minimum balance, annual fee or advance required. The Annual Percentage Rate (“APR”) is a variable rate and will be established based on an Index PLUS or MINUS a margin. The Index is the highest United States Prime Rate as published in the Eastern Edition of The Wall Street Journal on the last business day before the start of each month’s billing cycle. The current Prime Rate is 5.50%.