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Home Equity

A lot of effort goes into maintaining and improving your home. When the time comes that you need money for home renovations or to pay for large expenses, consider using your home’s equity for leverage. We can help you get the financing you need, by leveraging the equity you’ve built up in your home. Are you still paying on a mortgage?  It’s OK!  Using your home’s equity is still an excellent option. At our great rates, and with such easy terms, a Home Equity product is a great solution for life’s challenging financial moments!

North Central now offers two options! 

Home Equity Closed End Loan:

  • “No Appraisal Fee at SEV!” (Savings of approximately $400!)
  • Competitive Rates!
  • Payoff term of fifteen years
  • Rate and payment fixed for the length of your loan

Home Equity Line of Credit:

  • Variable Draws
  • Variable Interest
  • Variable Payments
  • Rates set at Prime


Use the tool that is best for you and your lifestyle!  To get started, make an appointment with your Branch Manager! Call our Service Center to schedule (989) 910-5135.


*APR=Annual Percentage Rate,  See the credit union for complete details.