Make a Payment Rates About Careers Contact Locations Want to update your kitchen? Pay off a credit card? Or maybe you want to have some funds for a rainy day? It’s all possible when you tap into your home’s equity. Just ask our experts. We’re ready to help you put your home to work for you. A Home Equity Line of Credit (HELOC) gives you access to the equity you’ve built in your home. You can use as much of it or as little as you want, when you want! Use some to pay off debt, some to renovate a bathroom, or keep some handy in the event of an unexpected expense. You only use it when you need it, and you don’t owe interest if you don’t draw from it! Is a Home Equity Line of Credit the same as Home Equity Loan? Just the “Home Equity” part. The main difference between the two is a HELOC is an open line of credit, giving you the option to use it when you need it. A Home Equity Loan is used more for a one-time expense – like a single house project with a known price tag. It all depends on what you’d like to accomplish. The nice thing about a HELOC is that you have access to your money when you need it. That line of credit can just be there waiting for when you’re ready to put it to work.  Everyone has different goals. We’re here to help you realize yours. Our experts can answer your home equity questions and give you the tools and resources to help you decide what’s best for you. With a Home Equity Line of Credit, you can turn those dreams into realities. Lower interest rates make larger home expenses easier, and those types of projects add value to your home – which builds wealth. Tap into your Home Equity Line of Credit as you need with no penalties and no annual fees. After all, this is your hard-earned equity, so getting more out of it shouldn’t come at a cost. Because when you access your home equity with Summit, you’re helping women and our entire community achieve their goals too. Because together with our members, we’re championing financial equity. That’s Equity in Money.™ Be Confident in Your Decision With These Great Resources More Tools and Resources Featured Products Certificates Checking Accounts Home Equity Loans Home Loans Business Banking Certificates Checking Accounts Home Equity Loans Home Loans Business Banking Financial Education Upcoming Events Programs Tools & Calculators On-demand Webinars Podcasts Upcoming Events Programs Tools & Calculators On-demand Webinars Podcasts About Equity in Money™ About Summit Careers News Community Giving Equity in Money™ About Summit Careers News Community Giving Help & Support Contact Us Member Support Center Schedule an Appointment Find a Branch Contact Us Member Support Center Schedule an Appointment Find a Branch Please read the following before proceeding to: The website you are about to visit is solely the responsibility of the merchant or other party providing the site. The content of this third-party site, including materials and information, is solely the responsibility of the provider of the site. The Credit Union is not responsible for any such third-party content. Any transactions that you enter into with a vendor, merchant or other party that you access through this third-party site are solely between you and that vendor, merchant or other party. The Credit Union does not endorse the content contained in this third-party site, nor the organization publishing the site, and hereby disclaims any responsibility for such content. The Credit Union Privacy Policy does not apply to this third-party site, and for further information you should consult the privacy disclosures of the third-party site. NCUA Insurance Estimator Privacy, Security & Accessibility Rates, Fees, Terms & Disclosures Routing Number *  The Wisconsin's #1 Mortgage Lender designation is based on the number of loans in 2022, gathered from the Home Mortgage Disclosure Act data compiled annually by the Consumer Financial Protection Bureau. The results of the data were obtained through the LEI: 254900NTAC4H10MGSU23 **  SBA Lender of the Year Award for Credit Unions as awarded by the Small Business Administration of Wisconsin in 2023. Copyright 2024 © Summit Credit Union. All rights reserved. If you are using a screen reader and are having problems using this website, please call 608-243-5000 for assistance. Insured by NCUA