Home Equity Line of Credit   

As a member of Members Exchange Credit Union, you’re eligible for a helpful Home Equity Line of Credit at a low-rate.  And that means you will be able to open all kinds of doors –like having a universal key to your dreams.  With a Home Equity Line of Credit, you can use the money for any purpose, including home improvement projects or to consolidate bills.

· Discounted Rate for the first six months.
· NO Application Fees!
· NO Documentation Fees!
· NO Credit Reporting Fees!
· NO Closing Costs!
· Interest-only payment options for qualified lines.
· Convenient check writing.
· Interest may be Tax-Deductible*

Call a Personal Service Representative today and they will be happy to answer any questions that you have.

*Annual Percentage Rate (APR) is variable and may change quarterly.  APR will be based on the Prime rate as published in the Wall Street Journal and may vary according to combined loan to value and borrowers’ credit score.   Interest rate reductions vary depending on the borrowers’ credit score.  Your APR will never be less than 4.00% or exceed 21.00% or the maximum allowed by law.  Loan cancellation within the first 24-months may result in the repayment of credit union paid closing costs up to $500.00.  Tax-deductible interest may vary based on your financial situation; consult your tax advisor.  Minimum initial draw is $10,000 to receive discount rate.  Property must be owner occupied and the property must be located in the state of Mississippi.  If the borrower is not a member, a $1 minimum deposit is required to join the credit union.  Restrictions and limitations apply, call for details.