If you’ve owned your home for a while, you may have built up a valuable financial resource without even realizing it—your home’s equity.
For a limited time, Northwoods Mortgage is offering Home Equity Loans starting at 5.92% APR* through August 31, 2026. Whether you’re planning a home improvement project, looking to consolidate debt, or preparing for a major summer purchase, a Home Equity Loan can help you put your home’s value to work.
What Is Home Equity?
Home equity is the difference between your home’s current value and what you still owe on your mortgage.
As you make mortgage payments and your home’s value increases over time, you build equity. A Home Equity Loan allows you to borrow against a portion of that equity and receive funds you can use for a variety of purposes.
Hear From Our Mortgage Team
Not sure if a Home Equity Loan is right for you?
Watch the video below as Anna M, Director of Mortgage Lending at Northwoods Credit Union, explains how Home Equity Loans work, common uses for home equity, and what homeowners in Minnesota and Wisconsin should consider before applying.
Common Ways Members Use Home Equity
One of the biggest advantages of a Home Equity Loan is flexibility. Our Members often use home equity funds for:
Home Improvements
From kitchen remodels and new decks to roofing projects and garage additions, home improvements can increase both comfort and value this summer. If you have been waiting for the right time to make those upgrades, now is a great time to take advantage.
Debt Consolidation
A Home Equity Loan may help you combine higher-rate debts into a single monthly payment, making your finances easier to manage.
Major Purchases
Many homeowners use home equity to help finance larger purchases such as boats, RVs, UTVs, or other significant expenses.
Unexpected Expenses
Home equity can also provide access to funds when life brings unexpected costs.
Take Advantage of Our Limited-Time Home Equity Special
Through August 31, 2026, Northwoods Mortgage is offering Home Equity Loans starting at 5.92% APR*.
Our local mortgage team is here to answer your questions, discuss your options, and help you determine whether a Home Equity Loan is the right fit for your goals.
Ready to Learn More?
Contact Northwoods Mortgage today or stop by your local branch to speak with our team.
Learn More About Home Equity Loans
*Excludes refinance of existing NCU loans. Not all applicants will qualify. Membership eligibility required. Equal housing opportunity. NCU is insured by NCUA.