As the holidays near, the list for projects and expenses tend to grow. It can leave you wondering how to pay for them all. With an MTC Federal Home Equity Line of Credit (HELOC), have access to the funds you need when you need them to tackle growing holiday debt.
Much like a credit card but with a lower rate, a HELOC is a cheap option to give you instant cash to spread the joy this holiday season:
The advantages of a HELOC are Merry & Bright:
Move high-interest, high-payment credit card balances to an MTC Federal HELOC. The affordable way to roll down the average retail credit card debt into one low payment, one low rate and faster payoff. Examples below based on 15 Year Term.
Loan Amount | $15,000 | $25,000 | $45,000 |
Retail Sporting Goods (Rate 23.49%) |
$303 | $505 | $909 |
Retail Clothing Store (Rate 21.9%) |
$285 | $475 | $854 |
MTC Federal HELOC (Rate 5%*) |
$119 | $198 | $356 |
Monthly Savings | $184 | $307 | $553 |