*APR = Annual Percentage Rate.
*HELOC closing costs are waived if, at closing, you take a minimum advance of $25,000 on line amounts below $250,000 ($50,000 on line amounts $250,000 or over) and you keep your line of credit open for at least three years otherwise you will be required to reimburse MCU for certain fees paid to third parties. These fees can be as low as $1,200 for a $20,000 HELOC and as high as $13,000 for a $500,000 HELOC.
THE ANNUAL PERCENTAGE RATE MAY VARY AND IS EQUAL TO THE HIGHEST PRIME RATE PUBLISHED IN THE WALL STREET JOURNAL
ON OR BEFORE THE LAST DAY OF THE PRECEDING MONTHLY BILLING PERIOD
A MARGIN BETWEEN 0% AND 3%.
Rates may be higher based on applicant’s creditworthiness. The maximum Annual Percentage Rate that may be imposed is 6.00% above the initial interest rate at closing. Rates and terms are subject to change without notice. Other terms and conditions apply.
HELOCs are secured by a mortgage on your primary residence. Co-ops are not accepted. Property insurance is required. New accounts cannot be used to consolidate existing MCU debt. Certain restrictions may apply. Membership is required.