Unlike with a line of credit, get the funds you need up front in a lump sum.
Because the loan is secured by the equity in your home, you can get much lower rates than other types of personal loans.
Your payments won’t change over the course of the loan, making it easy to plan and budget.
Your loan interest may be tax deductible to help you save even more. You can’t deduct interest from credit cards or unsecured loans!
Low closing costs
Keep more money in your pocket with low closing costs on your MCCU home equity loan.
You have the power to choose a monthly payment that works for you with flexible terms of 5, 10, or 15 years available.
Up to 90% LTV
Get more funding with up to 90% loan to value (LTV) for primary and second homes.
Don’t need much funding? That’s okay! At MCCU, we offer minimum home equity loans of just $5,000.
You can get higher-than-usual loan amounts, with funding up to $400,000 for primary residences.
Tap the equity of your portfolio with loan amounts up to $50,000 for investor properties.