Home Improvements? Traveling? Education? Wedding? School?
No matter your loan need, our competitive fixed and variable rate home equity loans can help you with your needs. To apply, simply call one of our knowledgeable Loan Officers for details at 303-770-4468, or start your application online.
Fixed-Rate Home Equity Loans
The Credit Union offers terms up to 10 years and financing available up to 90% of the appraised value of your home. A fixed-rate home equity loan is an attractive solution for larger expenses.
Our competitive rates, flexible terms and potential tax advantages* make a home equity loan at the Credit Union the right choice.
*Please consult with a tax advisor.
Variable-Rate Home Equity Line-of-Credit (HELOC)
A Home Equity Line-of-Credit is a perfect solution for ongoing home improvement projects or expenses such as education. Enjoy repayment terms up to 15 years (line accessibility available for 10 years). With a HELOC you only pay interest on the amount you borrow. As your balance is paid down, the funds become available again.
MCCU offers two HELOC rate options for you to choose from:
- Non-Capped HELOC-
- Rate can change monthly depending on changes to the Prime Index Rate.
- Capped HELOC
- Rate can change quarterly depending on changes to the Prime Index Rate.
- Rate can only change by .50% per quarter, with a maximum of 2.00% per year.
A HELOC also offers potential tax advantages, competitive rates, and flexible terms.