Home Equity Loans
Looking to purchase that big ticket item? The funds you need may be right in your own back yard — or closer! Many of our satisfied members have used home equity loans for the following:
- College tuition
- Automobile purchase
- Home improvement
- Vacation
- Pay off higher rate loans
Members Advantage Community Credit Union offers two kinds of Home Equity Loans to meet your borrowing needs:
Home Equity Line of Credit
Put the equity in your home to work for you with a revolving line of credit.
- Borrow up to 80% of the equity in your home minus first mortgage balance
- May be tax deductible*
- Convenience checks provided to access your line
- Variable rates
- Minimum loan amount $5,000/Max $200,000
- Low closing costs
Fixed Rate Home Equity Loan
For people who want the security of a fixed rate and a one time disbursement of funds.
- Borrow up to 80% of the equity in your home minus first mortgage balance
- Rate is fixed for the life of the loan
- 5, 10 and 15 year terms
- Minimum loan amount $5,000/Max $200,000
- May be tax deductible*
- Low closing costs
Loan Rates Loan Calculator Apply Now