Home Equity Line of Credit

        We can open the door to the life of your dreams using your home’s equity. Remodel your kitchen, tour the wineries in the south of France, or give your children Ivy League futures. You’ve worked hard to build this equity, now it’s your turn, Go Live.

        What’s a Home Equity Line of Credit?

        HELOC, what’s a HELOC? A Home Equity Line of Credit, also called a HELOC, is a great way to borrow money using your home’s value. We go the extra mile here at Canvas Credit Union, so we created our own exclusive Preferred Equity Line of Credit so you can use your funds for whatever you dream.

        Preferred Equity Line of Credit (PELOC)

        Best Rate APR

        We'll get you some cash. With our Canvas Preferred Equity Line of Credit, you can use the equity in your home to borrow money, and use it any way you want. Really, anything you want. Build that new deck, buy that classic roadster, or go scuba diving in the Caribbean.

        • 20-year terms, 10 year draw, and 10 years to pay. Use your money however and whenever you want, for up to 10 years. You have another 10 years to repay.
        • No prepayment penalty, and be sure to get that IRS write-off, your interest paid is tax deductible.
        • You have 24/7 access to your using our Canvas Online & Mobile Services in addition to unlimited checks.
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        How will you use your money?

        Use our calculators to test your borrowing options:
        Go to Calculators

        APR is Annual Percentage Rate (APR). Loan interest rates and terms provided are estimates. Best Rate may vary based on personal credit history, value of collateral, loan to value (LTV), terms, and other factors. Canvas Credit Union provides details upon completion of a loan application. Rates are subject to change without notice. Canvas Credit Union membership is required.
        Want to view all the fine print, visit our Disclosures web page.

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        Leave the banking to us. Join today. Go live.