Lock in a Fixed Rate today with our NEW Rate Lock feature!

With our NEW Home Equity Line of Credit Rate Lock feature, you now have the option to lock in your rate on a portion(s) of your MCB HELOC balance. In a rising rate environment, a variable interest rate may cause concern when it comes to your monthly payment. Our new rate lock feature allows you to lock in a portion of your outstanding home equity line of credit balance at a low fixed rate. With the rate lock, you control how much your monthly payment is and for how long. Contact your local lender today for details!

How the Rate Lock works:

• You can lock in all or a portion of your Home Equity Line of Credit balance to a fixed rate for a specific period of time.
• You can have up to 3 locks at one time. These locks can be used for different needs, so their is no need to apply for a loan every single time you need money.
• Minimum lock amount is $5,000
• Minimum lock term is 12 months with a maximum term of 180 months.

*Home Equity Line of Credit APR (Annual Percentage Rate) will be a variable APR with a maximum APR of 16.00%. Borrower is limited to a one time only closing cost waiver. Refinancing of MCB debt requires $10,000.00 in new money. Lines closed within 36 months of origination date will be subject to a $250.00 early termination fee. A $25.00 annual fee will apply to all lines and charged on the anniversary date of the line. Credit qualifications, maximum 89% loan-to-value, property and flood insurance (if applicable) are required. Rate is effective as of publication date and subject to change or be withdrawn without notice.

Get our promotional loan rates AND a checking account that monitors your credit! Open a Perks Plus Membership Checking Account and get Ultimate ID™, a comprehensive credit monitoring program offered by Benefits Plus^®.

Your complete Benefits Plus^® Perks Plus membership includes:

• 3 Bureau Credit Monitoring
• Internet Monitoring
• Credential Vault
• Instant Inquiry Alerts
• Score Tracker
• Managed Identity Fraud Research
• Remediation and Recovery Services
• Lost Document Replacement Services

Also included in your membership:

• A variety of banking benefits and services
• Accidental Death & Dismemberment ($10,000 coverage)
• For more information, please visit our Benefits Plus^® page or contact an office near you for complete details

Other checking accounts are available. Ask to see a checking account agreement, disclosure of account terms, and rules and regulations for complete details for each account.

Other Home Financing Options available:

Our USDA, FHA, and VA loan programs apply to any purchase or refinance. All programs offer the option to choose between a competitive market based fixed or variable rate. 

USDA Loans:

• Allows 100% financing of the purchase price for qualified borrowers
• Seller assist is available towards closing costs (Acceptable gifts allowed)
• Household income limitations apply

FHA Loans:

• As little as 3.5% down payment
• Acceptable gifts allowed
• Seller Contribution allowed
• More flexible credit guidelines compared to conventional financing

VA Loans:

• Allows 100% financing to qualified borrowers
• No monthly mortgage insurance required
• Seller can cover closing costs and escrows

Contact an MCB lender today for complete details on any of the above financing options.