This approach works if proceeds from the sale can pay off the entire loan balance plus the expenses connected to selling the home. (e.g. Home Equity Line of Credit in Michigan: Apply for our interest-only HELOC for home improvements, debt consolidation, or other financial needs.See important information about your Home Equity Line of Credit including payoff information. See Statements and Important Tax Documents. A home equity line of credit (HELOC) provides the flexibility to use your funds over time. Find out about home equity rate and apply online today. Do you need a loan payoff request form? Home equity loans are a great way for homeowners to consolidate debt or pay for major expenses while keeping the rate on their current mortgage. If you have questions regarding a new purchase or refinance contact your loan officer or call us. Call (844) 754-6280.