FlexChoice Home Equity Line of Credit

flexchoice. hands in shape of heart

With a FlexChoice Home Equity Line of Credit you can get cash for home improvement, vacation, debt consolidation, tuition, books …YOU CHOOSE!

Get cash anytime, anywhere! Conveniently transfer funds directly to your
MC Federal checking or savings account OR ask about FlexChoice checks!

A FlexChoice from MC Federal gives you the flexibility of a line of credit and the certainty of a home equity loan. Unlike traditional line of credit products whose rates vary throughout the term, with the FlexChoice, you can lock in segments of your balance at a low fixed rate with a fixed term. Any balance that you choose not to lock in will be subject to a variable rate. Once approved, you can draw on your credit limit for ten years and then you have 15 years to repay the remaining balance. Ask one of our loan officers about our low fixed segment rates!

FlexChoice Home Equity Line of CreditAPR*
Line of Credit rates as low as Prime8.50%
The flexibility of a line of credit and the certainty of a home equity loan.Fixed rates "as low as" 5.75%
*APR = Annual Percentage Rate. The rate is based on the highest Prime Rate published in the Wall Street Journal as of the last business day of the previous month. Prime is a variable rate; as it changes, the APR on your account will also change. The APR is current as of 2/12/2024. Your rate may vary from the rates above and will be determined by your credit history, term, and property value. Credit is subject to approval, not all applicants will qualify. Interest only payments during the draw period. You may lock in all or a portion of your line as a fixed term loan segment; up to two segments at one time. Locked segment payments will consist of principal plus interest. Terms available from 3 year to 15 year maximum. Fixed term APR may vary based on term chosen. During the repayment only period, all payments will be principal and interest, based on 15-year term. Other fees may apply. Flood and/or property hazard insurance may be required. All Credit Union loan programs, rates, terms, and conditions are subject to change at any time without notice. MC Federal Credit Union membership is required. For current rates, fees, and other cost information, please contact MC Federal Credit Union at (800) 834-0082.

Questions about a FlexChoice Home Equity Line of Credit? Contact Us