Home Equity Loans & HELOCs At Metro Credit Union
Looking for an easy way to borrow money using the equity value of your home? A home equity loan with Metro Credit Union is a simple and easy way to borrow money. If you are looking for a different way to borrow, consider the flexibility of a home equity line of credit, or HELOC. Our experienced team of loan professionals will help you secure a loan or HELOC with competitive interest rates to help you pay for whatever life may throw your way.
What Is A Home Equity Loan
A home equity loan is a loan that is borrowed against the paid value of your home. This means that even if you are still paying off a mortgage, you can take out a loan using the amount you’ve already paid off, known as equity, as collateral.
WHAT IS A HELOC
Similar to a home equity loan are HELOCs, or a home equity line of credit. Like home equity loans, HELOCs allow you to borrow money against the equity value of your home. Unlike a home equity loan, a HELOC allows you to borrow money as you make purchases, similar to a credit card. As you pay off the HELOC, your buying power is replenished.
![What Is A Home Equity Loan A home equity loan from Metro Credit Union in Springfield MO can help provide you money from your accrued equity.](https://metro.coop/wp-content/uploads/2024/03/What-Is-A-Home-Equity-Loan-e1711486363598.jpg)
Benefits of a Home Equity Loan with Metro Credit Union
A home equity loan allows you to take advantage of your home’s value without having to sell it. HELOCs are similarly useful for using the equity in your home as collateral for a revolving line of credit. The benefit of a HELOC versus a credit card is that you can expect lower interest rates, with the same immediate benefits. Additionally, you will be able to borrow as much or as little as you need over time, allowing for full flexibility when needed.
![A huge benefit of getting a home loan from Metro Credit Union are the low interest rates we can offer versus banks.](https://metro.coop/wp-content/uploads/2024/03/Low-Home-Loan-Rates-e1710874080399.jpg)
competitive interest rates
![Different home loans required different down payments & our home loan specialists will work with you on your down payment.](https://metro.coop/wp-content/uploads/2024/03/Down-Payment-On-Home-Loan-e1710874521648.jpg)
generous loan amounts
![Metro Credit Union has the ability to loan you up to 1.5 million dollars towards your new home, upon approved credit.](https://metro.coop/wp-content/uploads/2024/03/Available-Home-Loan-Amounts-e1710874688108.jpg)
flexibility
![The home loan team at Metro Credit Union is very experienced in completing all the required paperwork for your home loan.](https://metro.coop/wp-content/uploads/2024/03/Best-Home-Loans-Springfield-MO-e1710874915931.jpg)
experienced personnel
![When you get a conventional home loan from Metro Credit Union, you can manage your home loan online or from your phone.](https://metro.coop/wp-content/uploads/2024/03/Manage-Home-Loans-Online-e1710875261613.jpg)
online accessibility
Why Choose Metro Credit Union For A Home Equity Loan Or A HELOC
Metro Credit Union offers flexible options for both home equity loans and a home equity line of credit. We can help you finance for up to 90% of the appraised value of your home. Our team of loan experts are happy to assist you in finding competitively a low interest rate for your loan or line of credit. We can help answer any questions you may have about a home equity loan or HELOC, and we even offer an online portal to keep up with your loan every step of the way!
Community Connection
Competitive Rates and Low Fees
Member Ownership
Personalized Service
Apply For A Home Equity Loan In Springfield With Metro Credit Union
Are you ready to take full advantage of the equity in your home? Fill out the form and let us know if a home equity loan or a home equity line of credit is the right choice for you. Someone from the Metro Credit Union team will be in touch shortly to assist you finding the right home equity loan or HELOC today!