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Make improvements to your home...your way!

With a home equity line of credit from Montana Credit Union, you can have the freedom to renovate your way, when the time is right for you. With an introductory rate of 2.99% APR*, we make it affordable for you to make your home...yours!

 

Key Features

  • Competitive Rates
  • Customized Terms
  • Local Decisions
  • Convert the equity in your home into cash you can use
  • Competitive rates for several short-term or long-term needs:
    • Major life events
    • Home remodel projects
    • Debt consolidation
    • And much more!
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms that work uniquely for you, with loan terms up to 15 years
  • The interest paid might be tax deductible*
  • Debt protection available
  • Local North Central Montana decision-making and processing
  • Helpful, customized service throughout the entire process

Want to know more? Email a representative to schedule an appointment!

Turn the hidden equity in your home into an ongoing source of funding for almost anything.

  • Convert the equity in your home into ongoing, affordable financing
  • Competitive rates for several ongoing or seasonal needs:
    • Education expenses
    • Major life events
    • Major home improvements
    • Debt consolidation
    • Emergency reserve
    • And much more
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms that work uniquely for you
  • Funds available anytime without reapplying; apply once, then use repeatedly thereafter
  • Revolving credit — as principal is repaid, more becomes available for use
  • Funds easily available via in-person or phone transfers to a specified Montana Credit Union checking account
  • The interest paid might be tax deductible*
  • Debt protection available
  • Local North Central Montana decision-making and processing
  • Helpful, customized service throughout the entire process

2.99% APR 36 Month Introductory Rate Information

*2.99% introductory annual percentage rate (APR) is available on new applications for a term of 36 months. At the end of the 36-month introductory period, the APR is variable and based on the index prime rate plus a margin. The APR is based on the Prime Rate published in the Wall Street Journal Money Rate Table. The introductory rate is not based on the index prime rate and margin used for later rate adjustments. The index prime rate is a variable rate. As of September 21, 2022, the Prime Rate is 6.25%; as it changes, the APR on your Home Equity Line of Credit (HELOC) can change annually. The most the APR can change annually is 2.00%. There is a minimum floor rate of 3.50% APR and a maximum rate of 10.50% APR. The introductory rate is effective as of September 21, 2022. If only the minimum payments are made during the draw period, the loan balance may not decrease, and this may cause your monthly payment to increase during the repayment period.  A HELOC is secured by a first or second mortgage lien on your primary residence, which must be a one-to-four family residential property. Offer not available for modular homes, manufactured homes, or cooperatives. There are loan fees and closing costs due at closing. These vary depending on the amount of the loan. Flood and/or property hazard insurance may be required. All credit union loan programs, rates, terms, and conditions are subject to change without notice and may vary based on creditworthiness and qualifications. Other restrictions may apply. Other rates and terms available. To receive this product, you must become a member of Montana Credit Union; not all applicants will qualify.

Equal Housing Lender. Federally Insured by NCUA.

*Consult a tax advisor.