Ever wonder how out products compare to other ones in the market? Here's a comparison chart to help point out the ways we're a better choice.
| MECU Home Equity Loan | Citibank Home Equity Loan | Chase Home Equity Loan |
|---|
Loan-to-value | 100% | 100% | 100% | Terms | 5. 7.and 10 years | 5, 10, 15, 20, and 30 years | 3-30 years | Application fee | $0 | $0 | $0 | Origination fee | $0 | $0 | $399 | Closing costs | $0 | $0 | $0 | Points | $0 | $0 | $0 | Early closing fee | $500-2,000 if closed within 12 months | $496 if closed within 36 months | $500 if closed within 36 months | | Limits | $5,000-500,000 | $10,000-1,000,000 | $5,000-1,000,000 |
Features current as of 2/18/08, and obtained from each company's website. This comparison assumes a 100% LTV home equity loan in Illinois, without any additional services such as direct deposit.
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 List of all MECU fees (pdf)
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 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.
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