Visa Gold Home Equity Line of Credit
Our Visa Gold Home Equity Line of Credit combines the advantages of an equity line of credit with the convenience of a Visa credit card. If you are a Michigan homeowner, you may be eligible to use up to 95% of the equity in your home to secure a line of credit.
Use the Visa Gold Home Equity Line of Credit to make home improvements, pay for college tuition, consolidate high interest loans or debts into one affordable lower interest payment or to make any other major purchase.
Visa Gold works just like any other credit card. You will receive a Visa card with a credit limit up to $75,000 and the ability to make a purchase anywhere that Visa is accepted.
Take a look at these Visa
Gold advantages: 
- No annual fee.
- No closing costs.*
- Pay less interest. The interest rate on your Visa Gold Home Equity Line of Credit is typically lower than most credit cards. Interest rate is adjustable based on the Federal Reserve Prime rate.
- 25-day grace period for purchases.
- A flexible credit line from $10,000 to $75,000 with a 10-year term is available to fit your borrowing needs**.
- Reduce your interest rate by .25% if you choose automatic transfer payment.
- Tax Advantages. Because this loan is tied to your home, you may be able to deduct the interest you pay. Consult your tax advisor regarding deductibility.
- Worldwide acceptance. Accepted at more than 20 million locations worldwide.
- Convenience. Paying with the Visa Gold Home Equity Line of Credit Card is faster and easier than writing a check. All your transactions appear on your monthly statement.
- Security. With Visa’s Zero Liability policy, your liability for unauthorized transactions is $0.
To apply for your Visa Gold Home Equity Line of Credit, call 734-662-8200 or 800-968-8628 and ask for extension 2150, to speak to one of our home equity loan experts.
Special Notice: If you use a Visa credit card (or check card) for a signature based transaction in a foreign country, Visa's 1% international service fee to convert the foreign transaction into US dollars will now appear as a separate transaction on your statement.
Rates are subject to change without notice. Credit subject to approval; normal credit standards apply.
* In certain circumstances, an appraisal may be required for which a fee of $200 to $250 would be charged. Property insurance is required.
**There is a 10-year term. If the account is not refinanced, a balloon payment will be required.
We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. Mortgage loan services provided by MemberFirst Mortgage LLC (NMLS #149532)
and UMCU (NMLS #712343)