With a Home Equity Loan or Line of Credit from MCT, you can use the equity in your home to renovate your kitchen or bathroom, add a deck or sunroom, pay for college, or consolidate your debt.  Plus, there are tax advantages.***

Home Equity Fixed Loan

Equity Flex Loan 

• Terms:  5, 10, and 15 year
• Payment frequencies: monthly, bi-weekly, and semi-monthly
• Payment methods: payroll repaid, auto transfer, or coupon
• Interest may be tax deductible**

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Home Equity Line of Credit 

Establish your line of credit, then borrow money as you need it—up to your available credit limit.  MCT offers two line of credit options to fit your unique needs.

Equity Options HELOC — Intro Rate Option 

• 4.99% APR* introductory rate for the first 6 months, as low as Prime minus 0.50% thereafter
• Credit limits up to $200,000
• Up to 75% LTV
• Interest may be tax deductible**

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Equity Preferred HELOC

• 4.99% APR* introductory rate for the first 6 months, as low as Prime minus 0.75% thereafter
• Credit Limits up to $200,000
• Up to 75% LTV
• $100,000 minimum initial advance required
• Interest may be tax deductible**

Rates        Calculators        Apply Now

  * Annual Percentage Rate. HELOC rates are indexed to the Prime Rate as quoted by the Wall Street Journal as of two days prior to the beginning of the month. The Prime Rate was 3.25% as of December 29, 2008. Rates are based on applicant’s credit. Actual rate may vary. Minimum rate of 4.99%. Maximum rate of 18%. Homeowner’s insurance is required.

 **Consult your tax advisor.

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