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Home Equity Loans and Lines from McGraw-Hill FCU

Use the equity in your home to do all the things you’ve been wanting to do. Home improvements, renovations and additions, debt consolidation, college education – it’s the smart and simple way to achieve your goals. Turn to our Financial Wellness Team and learn how utilizing your home equity is a powerful tool to enhance your financial quality of life.

  • Quick and easy application process
  • Competitive rates
  • Minimal closing costs and low fees compared to other area lenders

 

Non-Variable Rate Home Equity Loans

Non-Variable Rate Home Equity Loans

  • Flexible repayment options - from five to 25 years
  • Enjoy a non-variable interest rate and payment for the life of your loan
  • Quick turnaround - have your funds in as little as 30 days (Home Equity Select)
  • The interest you pay could be tax deductible*

Express Refi Home Equity Loan

  • Refi now and you could save hundreds of thousands of dollars over the life of your loan
  • Super-quick turnaround - why wait 90 days? We'll do it in 30 days or less
  • Low closing costs
  • Our knowledgeable Financial Wellness Team makes the process easy and stress-free
  • Near historically low rates - still

Advantage Equity Loan

  • This option may be perfect for homeowners with little equity established
  • Borrow from $5,000 to $50,000
  • Terms up to 10 years
  • Loan requires a mortgage on your primary residence

 

Home Equity Lines of Credit

  • Simple and convenient - tap into your line of credit whenever a need arises
  • Pay principal and interest on the funds you use
  • Easy access to funds via convenience checks and online/mobile banking transfers
  • Rates substantially lower than credit cards
  • Unlike personal loans or credit cards, the interest your pay could be tax deductible*

 

Which is Right for You?
  Home Equity Loan  Home Equity Line of Credit
Your Needs

You have one-time expenses, like:

  • Major home renovation
  • Buying a car
  • Consolidating debt

You have ongoing expenses, like:

  • Medical bills
  • Education expenses
  • Home improvements
Benefits Potential tax-deductible interest* Potential tax-deductible interest*
Interest Rate Non-variable interest rate, with monthly payments that never change Variable interest rate, with monthly payments that vary based on interest rate changes
Access to Money Receive a single check or cash transfer for the full amount Access funds as needed, either through checks or a credit card
Repayment Non-variable monthly payments, including interest and principal Minimum monthly principal and interest payments based on the draw amount

 

 

Resources from Financial Wellness U

  • Discover our property and casualty insurance options. Get started>>
  • Learn more about home equity loans and lines and take advantage of our online tools to plan your next steps. Get started>>

 

Get Started

Apply online or contact a Financial Services Consultant at 1-800-226-6428.

 

Member must be subject to verification of income, creditworthiness, and must carry adequate property and flood hazard insurance (if required) on home securing loan. Offer restricted to primary, single family residential real estate properties not located in Texas, Colorado or West Virginia. Not valid on investment properties. Property must have a clean title and adequate appraisal. New York residents must pay NYS Mortgage Tax. Loans are available to Credit Union members in good standing and require membership in the Credit Union, which is subject to a $5 deposit. Other terms and conditions apply. For complete details, contact us at 1-800-226-6428.

*Consult your tax adviser. Home Equity Loans and Lines of Credit valid on primary residences. Not valid on investment properties, second homes, Co-Ops, or in the states of Texas, Colorado or West Virginia.

Nationwide Mortgage Licensing System (NMLS) & Registry IDs

Questions? Ask McClever.

  • 1-800-226-6428 |
  • Routing Number: 226077943 |
  • NMLS# 407684
  • FDIC
  • Equal Housing Lender
  • Equal Opportunity Lender
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