Incredible Icon Credit Union Home Equity Loan Ideas. A home equity loan is a second mortgage on your home and is a fixed loan that involves a single disbursement of funds. A home equity line of credit is a revolving loan based on your home’s equity.

They are not eligible if the property is currently listed for sale or draws. Home equity installment loans by united are available on owner occupied dwellings only, primary and secondary homes. Secure a large chunk of money to use for one time major expenses: