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Home Equity Loans and Lines of Credit

It's likely that your home is worth more now than when you purchased it. With a Home Equity Loan, the difference between the value then and the increased value now can mean cash for you.

We offer two types of Home Equity Loans:


Fixed-Rate Home Equity / Debt Consolidation Loan

A fixed-rate Home Equity Loan allows you to take the difference between your home's original value and the value today as one lump sum. Plus your payments on the loan are fixed, so you can budget effectively. With a fixed-rate Home Equity Loan:

  • MUCFCU will loan up to 90% of the market value of your home
  • Up to a 15 year repayment
  • Absolutely no prepayment penalties
  • Competitive rates
  • Tax deductible interest
  • No closing costs if the loan is over $5,000
  • Payroll deduction available
  • Zero payments for 90 days
  • No loan application fee
  • Ask about our Immediate Loan Decisioning
Apply Now Click the button to apply for your Home Equity Loan, or call Loan Officer Kate Bystrom at (513) 529-5057 for more information.

Closing costs may apply to Home Equity Loans $5,000 and below. Certain credit restrictions apply. Fees may be assessed for late payment; for a complete list of possible fees, see the Fees page. Consult with a tax advisor regarding the deductibility of interest. Rates, terms, conditions and product components are subject to daily change without notice.

Home Equity Line of Credit (HELOC)

A Home Equity Line of Credit (HELOC) is a revolving line of credit with an adjustable interest rate and variable payments. It's a flexible, low-interest way to obtain cash as you need it.

  • Borrow up to 90% of the market value of your home
  • Minimum payment adjusted to 1% of the loan balance every month1
  • 5 year draw period / 15 year repayment
  • Absolutely no prepayment penalties
  • Rates based on Prime Rate (as published in the Wall Street Journal)
  • Tax deductible interest
  • Comfort of writing checks that draw directly from your Line of Credit
  • No closing costs if the loan is over $5,000
  • No loan application fee
  • Ask about our Immediate Loan Decisioning
Apply Now Click the button to apply for your Home Equity Line of Credit, or call Loan Officer Kate Bystrom at (513) 529-5057 for more information.

1Balloon payments may result from making minimum monthly payments. Contact an MUCFCU Loan Officer for details.
Closing costs may apply to Home Equity Lines of Credit $5,000 and belowCertain credit restrictions apply. Fees may be assessed for late payment; for a complete list of possible fees, see the Fees page. Consult with a tax advisor regarding the deductibility of interest. Rates, terms, conditions and product components are subject to daily change without notice.

Kate Bystrom

Loan Officer

Phone: (513) 529-5057

 

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