MCT Federal Credit Union

Never purchase expensive items on impulse. Think over each expensive purchase for at least 24 hours. Acting on this principle will mean you have far ...
> More Tips

Loans > Home Equity Loans

Home Equity Loans

Text Size:

Hello Print Page:

It’s great to watch your home’s value increase over the years. It’s even better to put that value to work for you!

With a Home Equity Loan from MCT you can use the equity in your home to finance your goals and dreams. Use it to add on an extra room, pay for college or pay off higher rate loans.

Take advantage of MCT’s low-rate Home Equity Line of Credit (HELOC). Our Home Equity Line of Credit rates are as low as 4.99% APR* and you can borrow up to $200,000. Plus, the interest you pay may be tax-deductible.**

Establish your line of credit, then borrow money as you need it—up to your available credit limit. Take a look at how affordable an MCT Home Equity Line of Credit can be.

Equity Flex Loan

This loan offers flexible:

Terms (5, 10, 15 & 20 year),
Payment frequencies (monthly, bi-weekly, semi- monthly)
Payment methods (auto transfer, coupon)
Closing cost options

Check out our rates.

Equity Options HELOC — Intro Rate Option

• 4.99% Introductory Rate for 6 months, as low as Prime minus 0.50% thereafter
• Credit Limits up to $200,000
• Up to 75% LTV

Check out our rates.

Equity Options HELOC — No Closing Costs Option†

• Rates as low as Prime minus 0.50%
• Credit Limits up to $200,000
• Up to 75% LTV
• $25,000 Minimum Initial Advance Required

Check out our rates.

Equity Preferred HELOC

• 4.99% Introductory Rate for 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

Check out our rates.

Apply Now

Click here to 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 5.00% as of May 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.

†Accounts closed within the first two years will be required to reimburse the Credit Union the amount of closing cost paid.