MCU helps you get the cash you need even if you have only a small amount of equity, because we allow you to borrow up to 95% LTV (loan-to-value) on your home. Most banks allow you only 85% LTV. Our terms on these loans are fair and flexible, giving you icing on your cake.
Home Equity Borrowing Limits |
||
% Loan-to-value |
Minimum |
Maximum |
Less than 85 |
$5,000 |
$500,000 |
86-95% |
$5,000 |
$100,000 |
- $0 closing costs. We do not charge an application fee, points, or title and appraisal fees.
- Rate reduction with an MCU Checking Account, Money Market Account, or automatic payment.
- Low rates and monthly payments
- Free 24-hour online and phone access to your home equity account for history and payment information and line of credit advances.
- You can borrow up to 95% of the equity in your home, and once your credit line is established, you can access your home equity line anytime with MCU Online Banking or by check.
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