Take Advantage Of
Your Home’s Equity!

Take Advantage Of
Your Home’s Equity!

The equity in your home is an often-overlooked resource, but it can be a powerful financial tool.

You can use your home’s equity for a number of large expenses, such as home improvements, tuition, or any other unexpected costs that come along.

Home Equity Line of Credit

Term Rate/APR Monthly Payment
180 months up to 80% LTV 8.50% APR* $246.34**
180 months up to 100% LTV 11.50% APR* $292.27**

Home Equity Loan

Term Rate/APR Monthly Payment
180 Months – 80% LTV Fixed Rate Contact Branch
4/1/2024
*APR = Annual Percentage Rate. Rates subject to change. Loans subject to membership eligibility, credit approval and application. Rates are based on credit score.
**APR & monthly payment based on a $25,000 loan amount. Monthly payment examples do not include optional Member’s Choice Borrower Security.
NMLS ID #445858
To apply for a Home Equity Loan or Line of Credit, please contact us at:
419-887-1054.

No Annual Fees and Competitive Rates.

Glass City Federal offers two financing options that are secured by the equity in your home — a Home Equity Line of Credit (HELOC) and a Home Equity Loan.

A Home Equity Line of Credit (HELOC) is a revolving line of credit with a variable interest rate. A HELOC works like a credit card, where you can pay it down at least monthly and continue to borrow up to the maximum amount of the credit limit. The HELOC variable interest rate is based on the value of the highest Wall Street Journal Prime Rate, plus a margin, if applicable. Therefore, a change in the Prime Rate would result in an increased or decreased Annual Percentage Rate and a higher or lower required minimum monthly payment, effective the first day of the following quarter. Please see the HELOC disclosure links below for further details. 

Upon qualification, financing of up to 100% of your home’s equity amount is available with a HELOC. Plus, with Home and Mobile Banking, you can transfer funds from your HELOC to your checking account as needed.

A Home Equity Loan is a fixed rate loan for a specific loan amount. Typically, an Equity Loan is repaid with equal monthly payments for a specific term.

The annual interest paid on your Home Equity Loan or Line of Credit may be tax deductible (consult a tax advisor).

Please contact a Glass City branch for Home Equity pricing and terms.

Read the Home Equity Line of Credit Disclosures: 

Want to learn more? Have Questions?

Check out these great resources.

Glass City is an Equal Housing Lender.

Questions about your Home Equity Loan or Line of Credit Statement?

Member’s Choice™ Borrower Security
Protect your family against the unexpected

Protecting your loan balance or loan payments against death, disability, or involuntary unemployment could help protect your finances. This protection could cancel your loan balance or payments up to the loan contract maximums.

The Borrower Security “Life Plus” package adds protection of your loan balance or payments for life events including accidental dismemberment, terminal illness, hospitalization, family medical leave, and the loss of life of a non-protected dependent.

Click here for additional program details.

For more information about our Home Equity options, please contact our Mortgage Department at mortgagecenter@glasscityfcu.com or 419-887-1054.

For more information about our Home Equity options, please contact our Mortgage Department at mortgagecenter@glasscityfcu.com or 419-887-1054.

Locations across
northwest ohio

Find a location near you

Five locations in Northwest Ohio make it convenient to be a member no matter where you live or work.

Locations across
northwest ohio

Find a location near you

Five locations in Northwest Ohio make it convenient to be a member no matter where you live or work.