Skip to content

Rates

Homeowners rejoice! When it’s time to pay for bigger needs, turn to your home equity for competitive financing.

Key Features

Competitive Rates

Local Processing

Quick Decisions

  • Competitive rates for several short-term or one-time needs:
    • Education expenses
    • Major life events
    • Home remodel projects
    • Debt consolidation
    • And more
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms that work uniquely for you
  • The interest paid might be tax deductible1
  • Local decision-making and processing
  • Attentive, friendly service from start to finish

1Consult a tax advisor.

 

  • Competitive rates for several ongoing or seasonal needs:
    • Education expenses
    • Major life events
    • Major home improvements
    • Debt consolidation
    • Emergency reserve
    • And more
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms that work uniquely for you
  • Funds available anytime without reapplying; apply once, then use repeatedly thereafter
  • Revolving credit — as principal is repaid, more becomes available for use
  • Funds easily available via in-person or phone transfers to a specified MCS Bank checking account
  • The interest paid might be tax deductible1
  • Set up automatic payments to be deducted from your account monthly
  • Local decision-making and processing
  • Attentive, friendly service from start to finish

1Consult a tax advisor.

We offer a program that specializes in home improvements from remodeling to additions to garages.

These loans can be Structured on what is best for your individual situation.

Equal Housing Lender

All Loans subject to MCS Bank Underwriting Standards.

Annual Percentage Rate (APR) is accurate as of 8/1/2018. Rate subject to change or withdrawal at any time. HELOC consists of a 10-year interest only draw period followed by a 10 year repayment period of interest and principal. Loan-to-Value equal to or less than 80%, $10,000 new money, owner occupied, single family residential properties and complies with MCS Bank underwriting standards. Property insurance required. After the promotional period ends, the loan will revert to a variable rate equal to the current Wall Street Journal Prime Rate plus .125% (currently 5.125%) Maximum interest rate is 18%. Consult your tax advisor regarding deductibility of interest and charges. Program subject to a $25 annual fee. Other rates and terms available.