Home Equity Lines of Credit

(Home Equity Line of Credit)

Need money – but you’re not sure quite how much?
A Home Equity Line of Credit (HELOC)* might be the answer!

A HELOC is a finite sum of money set up as a line of credit. You access the money as you need it and make payments only when you’ve drawn on the credit line.

No application fee
No points or origination fees
Quick approval
$5,000-$100,000 open-ended credit line
Terms up to $10,000 for 72 months; over $10,000 for up to 120 months
Variable rates as low as 4%, depending on prime rate and individual circumstances; your rate may be higher.
Third party fee for appraisal and title (minimal closing costs)

A HELOC is perfect to help you afford home repairs and remodeling projects, college expenses or even your daughter’s wedding. And…the interest may be tax-deductible**.

Call us today and get what you want right now!
309.661.1166, ext 4253 or 800.527.2205.

Or click here for a HELOC application

*Service for Illinois members. Must meet current lending guidelines. Rates subject to change without notice. Fees are typically between $200-$500.
*Consult your tax advisor regarding deductibility of interest.

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Membership is open to anyone who lives or works in McLean County, is related to a current MICU member, or would like to join the Mid-Illinois Dollars for Scholars Foundation.

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