Motorola Employees Credit Union
Locations/ATMs | Contact Us | Upcoming Events | About MECU | Site Map






Adjustable Rate Mortgages (ARMs)
Fixed-Rate Mortgages
Home Equity Loan
Compare Our Home Equity Loan
Home Equity Line of Credit
Interest-Only Home Equity Line of Credit
Business Loans



Rest easy with MECU's Total Protection Guarantee




Home Equity Loan

Pursue your dream project while enjoying a low fixed rate.

Take advantage of the equity in your home to pay for remodeling your bathroom, updating your kitchen or paying for higher education. You decide what you want and we'll help you make it possible. We currently offer Home Equity Loans in AZ, CA, FL, GA, IL, MA, NH, NY, PA, TX, and WI.
  • No pre-payment penalties
  • No closing costs (save up to $2,000) - except in FL, GA, and NY
  • 5, 7, and 10-year terms available
  • The flexibility to borrow from $5,000 to $500,000
  • 100% Loan-to-Value (50-80% LTV for Texas residents)
  • Possible tax-deductible interest (consult a tax advisor)
  • Easy repayment with automatic transfers from checking or savings.
  • Competitive interest rates to help you save more money on financing
  • Online access to your accounts
  • Receive ½% rate discount if you’re an express advantage member
Self-help and Resources Calculators and Tools
Help

How long does it take to process a home equity loan application?

How can I refinance my existing fixed-rate home equity loan?

More Help Items

  Calculator

Help me look at a variety of possible loans.

Help me compute what my monthly payments will be.

More Calculators

 



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

The credit union makes loans without regard to race, color, religion, national origin, sex, handicap, or familial status.

Payment Example: A loan in the amount of $75,000 with an interest rate of 6.00% APR will result in a monthly payment of approximately $1,450 for a 60-month term. Rate shown is for Express Advantage members at 90% LTV, and assumes excellent credit history.

Email This Page

MECU Account Access

Go to CUNA Brokerage
Go to My Folio

Need Help? Chat with us!

Apply for Loan

Join!

MECU Rates

Home Equity Loan
rate as low as
6.00%  APR
Home Equity Line of Credit
rate as low as
3.25%  APR
Interest-only HELOC
rate as low as
3.25%  APR
› See our rates and disclosures  


Privacy Policy
Savings insured up to $250,000, and Individual Retirement Accounts are separately insured to $250,000, by the National Credit Union Administration, a U.S. Government agency. 
An additional $250,000 of coverage is provided by Excess Share Insurance.