Home Equity Line of Credit
Leverage the value of your home
There's money in your home, and it's not between the sofa cushions. With a Home Equity Line of Credit, Monterey Credit Union can help you tap-in to the value of your home to finance home improvements, purchase a new vehicle, consolidate higher-interest credit, pay for a college education, or even take that well-deserved vacation. Home Equity Financing can convert the value of your home to instant cash so you can Live Full, today.
Our Loan Specialists are ready and waiting to help you. Call 831-647-0101 or 888-632-8567 with any questions and apply for your loan over the phone. You may even get a conditional credit decision within 24 hours.
Up to $1,500 HELOC closing costs waived*
* when you get a home equity line of credit from MCU. All loans subject to credit approval. Optional fixed introductory APRs from 4.50%-5.50% for 12 months, 6.50% to 7.50% for 36 months; indexed variable APRs from 3.99% - 18.00% as of 07/09/2026; rates and program terms subject to change without notice. Life time maximum variable APR 18%. $75 annual fee. Fees to open a HELOC generally range from $1,421 to $1,700. Owner-occupied 1-4 unit California residential property only. Credit limits from $25,000-$150,000. Maximum loan-to-value ratio 80%. Other than during introductory rate period, lifetime floor APR of 3.99%-18.00% applies. If line is paid off and closed within 24 months, then you reimburse us the fees and charges incurred to open the credit line. Lien must be in first or second position. Lines secured by condominiums and PUDS available on different terms. Not available on rental property or mobile homes. Property insurance required. Flood insurance may be required.<
