Home Equity

Home Equity products based on your needs:

Your home equity is a valuable asset that can be used to your advantage! Home equity products refer to financial products that allow homeowners to access the equity they have built up in their homes. When the value of your home increases, it can positively impact your home equity.

Metco Credit Union offers two types of products for your convenience:

• Home Equity Loan – A home equity loan is also commonly called a second mortgage. This product is best used when you know exactly how much you need. It is typically used to pay for a specific item or purpose.
• Home Equity Line-of-Credit – This is a line of credit you can access as-needed.  It functions similarly to a credit card, where borrowers can access funds up to a certain credit limit and only pay interest on the amount borrowed. You can borrow as much money as you need now, and then access more again when you need it.

Both of these products leverage the equity you have built up in your home, providing you with the opportunity to utilize your home’s value to achieve your financial goals. If you’re dreaming about improving your home, financing your child’s wedding, buying some big-ticket item, or simply want to consolidate high-rate debt in to one manageable payment, a Home Equity Loan or Line-of-Credit from Metco is a great option.

Borrow from the equity you already have in your home so you can stop dreaming and start living!

Our knowledgeable team can assist you in determining the best home equity product for your financial needs. We will guide you through the application process and explain the terms and conditions associated with your options. We value your trust in us and are committed to providing you with the guidance and support you need to make the best financial decisions for your situation.

Rates, terms and offers subject to change Without notice. Loans offered with qualified credit. Contact the credit union for full details and disclosures. *Appraisal is borrower’s responsibility, if required. **Consult a tax professional. Equal Housing Opportunity. Federally insured to at least $250,000 by the NCUA.