If you previously received a notice that your Home Equity Line of Credit was reduced due to a decline in the property’s estimated value and wish to have your line of credit restored, you may complete a Home Equity Line of Credit Reinstatement Form. In order to qualify for a credit limit increase you must meet the minimum qualifying guidelines: have sufficient equity in your property, have a good payment history, and be a member in good standing with the credit union.
If you wish to increase your Home Equity Line of Credit limit and it has not changed since the loan was made you may not borrower more than the limit established in your loan agreement, and any amendments. Instead, please speak to one of our mortgage loan officers to determine if a new loan or refinance is right for you.