Get ready for Summer!
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) on an MCCCU Home Equity Line of Credit1
- 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) on an MCCCU Home Equity Closed End Loan2
- 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: Tuesday August 20, 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|
MCCCU NMLS #423111
1 Offer available to loan applications completed by August 31, 2019. Offer available to new and refinanced consumer home equity lines. Refinancing available only to loans currently held outside of MCCCU. Loan must close by September 15, 2019. To qualify, members must take an initial advance of $1,000.
2 Offer available to loan applications completed by August 31, 2019. Offer available to new and refinanced consumer home equity loans.Refinancing available only to loans currently held outside of MCCCU. Loan must close by September 15, 2019.Go to main navigation