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Enjoy lower monthly payments and the flexibility to access your home's equity when you need it.


An interest-only home equity line of credit gives you lower monthly payments by allowing you to make payments on only the interest portion of the loan throughout the 10-year draw period.

You can use the equity in your home to pay for home improvements, college tuition and more. With a home equity line of credit, you have control over what you want, when you want it. We currently offer home equity lines of credit in AZ, CA, FL, GA, IL, MA, NH, NY, PA, and WI.  To read our full disclosure, click here.

• No annual fee
• No pre-payment penalties
• No closing costs (save up to $2,000)
• 15-year repayment term
• The flexibility to borrow from $5,000 to $500,000
• Ability to borrow up to 100% Loan-to-Value
• Traditional home equity lines of credit also available
• Possible tax-deductible interest (consult a tax advisor)
• Easy repayment with automatic transfers from checking or savings
• Competitive variable rate that adjusts quarterly
• Online access to your accounts
• Receive ½% rate discount if you’re an express advantage member

Self-help and Resources				Calculators and Tools
	How long does it take to process a home equity loan application? What are the various closing costs involved to finance my home?				Interest only mortgage calculator. Help me determine how much I can afford to spend on a home.

            Apply for a home equity loan
            Compare our rates to the competition
            List of all MECU fees

Maximum Annual Percentage Rate (APR) is 18%. The credit union makes loans without regard to race, color, religion, national origin, sex, handicap, or familial status.