Get ready for Fall!
Are you getting ready to tackle a home improvement project? Are you putting the final touches on your house before listing it? Or are you just looking to get out of town because you can't take one more Michigan weather mood swing? We're here to help.
- No application fees (a $350 - $450 value) and no annual fees on a MCCCU Home Equity Line of Credit
- HELOCs are useful for borrowers who are looking for ongoing access to a line of credit. Some of the advantages of a HELOC are that you only pay for the advances that are drawn against the line of credit. This solution is great for those who are planning on making various home improvements, will be starting a remodeling project, or are looking for help to pay for college, a wedding, or vacation costs.
- No application fees (a $350 - $450 value) and no annual fees on a MCCCU Home Equity Closed End Loan
- A Home Equity Closed End loan a great solution for borrowers who are looking to make a large one-time purchase. Fixed monthly payments for a set term allow you to keep your finances on track. A closed end loan is great for things like a one-time remodel, roof repair, new pool, or a debt consolidation.
|Home Equity Loans|
|Effective Date: Monday September 23, 2019|
|Name||Rates as low as||Terms up to|
|Home Equity Closed End Loan||5.50% APR*||15 years|
|Home Equity Line of Credit||5.25% APR*||10 year draw, 10 year amortization|
|Variable rate based on prime rate plus margin|
|*APR = Annual Percentage Rate|
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