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Home Equity –
Open the Door to Your Possibility

Borrowing Guide Mortgage Rates

The Breakdown

your home equity options

You’ve built the equity in your home – and now it’s time to use it! Explore the home equity solutions that fit your plans.

home equity line of credit (heloc)

home equity line of credit (heloc)

Prefer to access your equity on an as-needed basis? Charlotte Metro’s Home Equity Lines of Credit have minimal to no closing costs, a quick and easy approval process, offer a variable-rate, and you only make payments if you maintain a balance. Best part? You can take advances from your line of credit for up to 15 years.

Apply Now

second mortgage

second mortgage

Know exactly how much you need? Take advantage of today’s low rates with Charlotte Metro’s Second Mortgage loan offering. With a fixed-rate, minimal to no closing costs, terms up to 15 years, and a minimum loan amount of $25,000, it’s the perfect product for home improvements or life’s big events.

Apply Now

Ask Mortgage

not sure which home equity option is right for you?

Let’s chat! We’ll help walk you through the pros and cons of each option and guide you to your perfect fit (psst… we’ll respond to your message on or before the next business day.)

not sure which home equity option is right for you?

Let’s chat! We’ll help walk you through the pros and cons of each option and guide you to your perfect fit (psst… we’ll respond to your message on or before the next business day.)

So… What’s the difference?

home equity options

heloc
second mortgage
fixed rate
Included
variable rate
Included
lump-sum payout after closing
Included
advances when you need them
Included
minimal to no closing costs
Included
Included
terms up to 15 years
Included
Included
rates as low as
3.50% APR1
6.434% APR2

ok, so here’s the fine print:

Let’s Get Started

how to apply for your heloc or second mortgage

i'm a member - heloc

Follow these simple steps to apply for a HELOC:

  • Log in to Online Banking
  • Navigate to the Loans tab
  • Select Apply for a Loan in the dropdown menu to get started

Log In

i'm a member - second mortgage

Here’s what you’ll need to apply for a Second Mortgage:

  • Value of property (if applicable)
  • Proof of Current Income
  • Charlotte Metro account number

Apply for a Second Mortgage

i’m new here – heloc

Here’s what you’ll need to get started:

  • Proof of Current Income
  • Proof of Identity (current driver’s license or state-issued ID)
  • Social Security Number
  • Information on your current mortgage and second mortgage (if applicable)

Apply for a HELOC

i’m new here – second mortgage

Here’s what you’ll need to get started:

  • Proof of Current Income
  • Proof of Identity (current driver’s license or state-issued ID)
  • Social Security Number
  • Information on your current mortgage and second mortgage (if applicable)

Apply for a Second Mortgage