Home Equity Line of Credit
At MWD FCU, we know nothing grinds a project to a halt faster than a lack of funds. That’s why we offer low-rate home equity lines of credit to help boost your budget! With more cash, you can check more things off your ever-growing to-do list.
Borrow against the equity in your home for an accessible line of credit that can address today’s financial needs while securing a flexible cash source for your future.
- Borrow up to 80 percent of your home’s available equity
- Borrow up to $250,000, based on your available equity and credit qualifications
- Draw funds as you need them, up to your approved credit limit
- No processing fees
- Low payments with interest only option
- Quarterly rate adjustments based on the prime rate
- Fixed rate loan lock option
- Interest may be tax deductible