Get the Most From Your Home's Equity in Michigan
Unlock your home's value with a Michigan home equity loan or home equity line of credit from Union Bank. Whether you need quick cash or long-term financing, we offer flexible options with competitive rates and credit limits up to 90% of your home's appraised value (less any first mortgage balance).*
Home Equity Line of Credit (HELOC): Variable Rate, Revolving Access
Not sure about a HELOC vs a home equity loan? With our Home Equity Line of Credit you write yourself a loan for whatever is important to you, using what you need when you need it, rather than taking a single lump sum.
Union Bank Home Equity Line of Credit Features:
- Variable Interest Rate
- Revolving Line of Credit
- Monthly Interest Payments
Closed-End Home Equity Loan: Fixed Rate, Lump Sum
Here is how a closed-end home equity loan works: a one-time, lump-sum term loan that is great for home repairs, a large purchase, or debt consolidation, with fixed monthly payments and a fixed home equity loan interest rate until maturity.
Union Bank Closed End Home Equity Loan Features:
- Fixed monthly payment for a specified period of time
- Fixed interest rate until maturity
- Customizable amortization
How Union Bank Helps West Michigan Homeowners
We are happy to answer questions and help you find the loan that will work best for you.
*All loans subject to approval with rates varying based upon credit history and underwriting guidelines. Rates and terms are subject to change without notice. Property insurance is required. Home equity products are available as a first lien or a second lien. Other restrictions may apply. Union Bank NMLS# 488568
Meet Our Mortgage Bankers
Connect with a Union Bank Mortgage Banker and schedule an appointment today!
Nicole Suchek
Mortgage Banker
NMLS# 707398