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  • Finding The Right Equity Product

    Equity loans/lines of credit aren't just for home improvement anymore. Many homeowners are realizing that equity loans/lines of credit can be used in a variety of financial situations.

    A Home Equity Line is the perfect loan for major purchases, debt consolidation or for business start-up capital. You can even link it to your Tech CU Checking for overdraft protection.

    Equity Comparison
      Home Equity Lines of Credit  Home Equity Loans 
    Rates  Variable Rate  Fixed Rate 
    Funds Availability  Borrow money at any increment up to the approved credit limit. As you pay down the amount you borrowed, you can borrow the remaining available amount during the initial draw period.  Loan is funded in one lump sum. If you need to borrow more, you will need to re-apply. 
    Payments  Interest-only payment varies based on the amount you have borrowed and the interest rate at the time.  Since this is a fixed rate loan, payments remain constant for the term of the loan. 


    SAFE Act Compliance Notice: Technology Credit Union complies with the registration requirements established by the Safe and Fair Enforcement for Mortgage Licensing Act (SAFE Act) for registration of its residential Mortgage Loan Originators. To obtain information on Technology Credit Union employees who are registered with the Nationwide Mortgage Licensing System and Registry, please log into the registry website at