Mini Home Equity Line of Credit
Borrow up to $20,000 without any equity in your residence. Closing costs are minimal and since this is a revolving line of credit it can be used over and over again for up to ten years. Give us a call for more details or email us at mortgageloans@macfcu.org.
Details
- Access funds easily
- Attractive interest rates
- Low closing costs
- Use it as you need it
- 3 - 10 business day turnaround time
- 10-year draw period
- Competitive variable interest that’s only charged on what you use
- Interest payments may be tax-deductible *Please consult with your tax advisor.
- Pay it down and use it again without having to reapply
What Is Needed To Apply
- Completed application
- Borrowers authorization
- Current mortgage statement
- Homeowners insurance information
- Current pay stub
- Two years of tax returns (if self-employed)
MACFCU NMLS # 809932