Home Equity Credit
Home Equity Lines of Credit
With a NEW Home Equity Line of Credit, anything is possible!
Mendo Lake Credit Union is excited to announce a new SPECIAL INTRODUCTORY RATE of 1.99% APR* for the first SIX months of your new loan, then variable starting at 5.00-7.50%**.
Home values are on the rise - maybe it’s time to do the fix-ups that you’ve been putting off? Or perhaps you need to consolidate debt, pay for a college tuition, or take that dream vacation? A home equity line of credit is a smart financial solution!
If you’re a homeowner, you can borrow against the equity you’ve built up in your home for a variety of financing needs. With a Home Equity Line of Credit, you can simply transfer funds from your line of credit into your checking account as needed, up to your approved credit limit. As you repay your credit line, the funds become available to borrow again with no need to reapply.
You work hard to pay for your home. Use the equity you have built as collateral to pay for -
Any number of other major expenditures
Minimum loan amount - $10,000
No application fee
No early closure fee
10 year draw, 20 year repayment period
Find our loan rates here.
* APR = Annual Percentage Rate
** Variable – Based on the Wall Street Journal Prime Rate (index) and your FICO score (margin).
Loan approval is subject to borrower and collateral qualifications. Special introductory rate valid starting 8/8/16.
Call us at 707.468.0161 or come in to your nearest branch to get started!