Your savings federally insured to at least
$250,000 and backed by the full faith
and 
Need help? Call us at 800.662.2772
Need money for a large, one-time expense?
An MCU Home Equity Loan lets you borrow a specific amount all at once, with a payment and rate that do not change.
Need flexibility to pay ongoing expenses?
An MCU Home Equity Line of Credit fits the bill. Use it to pay ongoing bills like a major remodeling project or college tuition.
There is no smarter way to borrow money than a Home Equity from MCU. Home
equity is the difference between the value of your home and the amount of your
mortgage loan. Whether you choose a loan or line, or need help deciding, MCU is
here to help you put your home's equity to work.
Tools & Resources
- MCU Home Equity Loan
- MCU Home Equity Line
- MCU for Your Home Equity
- Calculate Your Savings
- Potential Tax Savings
Ways to Use an MCU Home Equity Loan or Line
Application
Are you ready to apply? You can submit your application online. If you have questions or need help deciding which home equity option is for you, please call us at 800-662-2772 or stop by our lobby.
1 Illinois residences only. Rates subject to credit criteria. The lowest fully indexed Annual Percentage Rate(APR) on variable rate home equity lines of credit as of April 14, 2010 is 4.00% for lines of $100,000 or more with a loan-to-value ratio of 85% or less. The APR on variable rate lines is indexed to the Prime Rate as published in The Wall Street Journal, and may increase or decrease. Prime was 3.25% as of April 14, 2010. The APR can not increase by more than 7.000 percentage points above the initial rate. There is a $35 annual fee on lines of credit. Always consult your tax advisor about the deductibility of interest.
