Home Equity

A good way to make good things happen.

You may have heard that Home Equity funds are for home repairs or remodeling. And those are good options. But here's a pro-tip: the money can be used for almost anything, from big projects and purchases to paying off bills through debt consolidation.

Enjoy the best of both worlds: a flexible credit line with the power to lock in fixed rates when you choose.
















Explore all a Flex-Lock HELOC has to offer

When you want the freedom to borrow on your terms and the stability of predictable payments, our Flex-Lock HELOC gives you both. Tap into your home’s equity as you need it, and lock portions of your balance into fixed-rate segments whenever you want more control over your monthly payment.
 

  • Finance Amount: Minimum $10,000; maximum $400,000; up to 95% LTV; no appraisal required (unless requested).

  • Term: 10-year draw period with a 15-year amortization.

  • Primary Home Requirements: Must be located in Michigan.

  • Variable-Rate Access: Standard HELOC access with complimentary checks (up to 25 free)

  • Fixed-Rate Segments: Option to lock $5,000 or more into fixed-rate segments; up to three segments may be active at once. 

  • Second Home / Investment Property: Michigan only; first-lien position required (exceptions may apply with an MFM first mortgage); max 80% LTV; no right of rescission for non-primary residences; full-coverage homeowners insurance with Vibe listed as lienholder.

 
NMLS ID: 405039 & 149532 







Postcard Scam Alert

If you receive a postcard in the mail asking you to call about an "important matter" regarding your mortgage, this postcard is in no way affiliated with Vibe Credit Union or our partners, and we advise that you do not call the number listed or provide any financial information.
 
If you have any questions or concerns about your mortgage, call or text us at 248-735-9500. 



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Your Flex-Lock HELOC Questions, Answered

You can draw funds through Online or Mobile Banking, by visiting a branch, or by check (your first 25 are free).
You choose the amount you want to lock (minimum $5,000). That portion of your balance converts to a fixed rate and fixed payment, while the rest of your line remains variable. You can have up to three active fixed-rate segments at the same time.
Yes. You can pay off a fixed-rate segment at any time without penalty. Once paid off, your available line increases again.
The variable portion of your HELOC may change based on market conditions. Fixed-rate segments will not change once locked.