Home Equity Line of Credit

If you need financing to finish your basement, consolidate credit card debt or buy a new car, a Home Equity Line of Credit from Mountain America might be right for you.


A Home Equity Line of Credit—Think Outside the Home

First, a quick explanation: A HELOC, as it’s been nicknamed, is a line of revolving credit that uses the available equity in your home. You’ve earned that equity, thanks to hard work and time—don’t forget you can use it, if necessary.

And here’s a good piece of news—interest rates on a home equity credit line are typically lower than a standard credit card.

In other words, it’s another useful tool to eliminate credit card debt, remodel the kitchen, buy a car or relieve other financial obligations. Many HELOC customers use it for:
  • Debt consolidation
  • Educational costs
  • Medical expenses
  • Start-up business expenditures
  • Vehicle purchases
  • Home renovations

Some key facts about a HELOC:

A HELOC is much like a credit card or any other type of open-ended credit. You can borrow money as needed, up to the credit limit, just by using your Mountain America Equity Visa® Card. There is no need to reapply. Plus, unlike almost any other type of consumer loan, the interest on a home equity loan may be tax deductible.

Why choose a Mountain America home equity line of credit?

For a lot of good reasons, including these:
  • Rates as low as 2.49% APR (Normally 4.00%)
  • Interest-only options
  • Up to 90% LTV combined financing
  • No origination fees or closing costs options*
  • No annual maintenance fees
  • Potential tax advantages**
  • Access via Equity Visa Card or check
  • Borrow, repay and borrow again without reapplying 

Should I consolidate my debt with a HELOC?

Use this calculator to generate an estimated amortization schedule for your current mortgage. Quickly see how much interest you could pay and your estimated principal balances. You can even determine the impact of any principal prepayments! 

Find out more about our various home equity options. Apply online or call 1-800-748-4302.

Calculate Now


Home Improvement Projects That Add Value

Are you thinking about fixing up the ol’ homestead? Using a home equity line of credit to make home improvements is a great way to increase the resale value of your home, but choose your projects carefully – some renovations are better investments than others... Read More »

The Power of Compounding Interest

Getting a personal loan from credit union lenders, or saving money in a retirement account, will involve the use of compound interest. It is important for anyone –... Read More »

Using a HELOC for Summer Renovations

The general upkeep and costs associated with maintaining a home’s appearance can quickly add up. However, in an improving real estate market, it is well known among homeowners... Read More »

The Ins and Outs of HELOCs

Maintenance, renovation and repair on a property can be an expensive prospect. For homeowners looking to find an affordable way to finance their home improvements, one option to... Read More »

Workout Loans—Helping People During Hardship

Taking out a loan can be a major financial investment, and regardless of a borrower’s best intentions, there may come a time when it becomes a struggle to... Read More »
Read More Articles »

Three easy ways to apply:

* No fees for loan amounts under $250,000.  Minimum loan amount $8,000.
** Consult your tax advisor.
*** Annual Percentage Yield. For new equity loans only. After six months, the introductory rate will convert to a variable annual percentage rate of prime plus (prime is determined by the Federal Reserve). Maximum interest rate over the life loan is 18%. Minimum interest rate over the lfe is 4%. Some restrictions may apply. Limited time offer. Membership required - based on elegibility.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Connect with us

Live Help

Chat With A Member Of Our Support Team

First Name
Last Name


Monday - Friday: 9:00 AM - 6:00 PM MDT
Saturday - Sunday: Closed

Check out our FAQs

Which type of account would you like to register?

(including re-registrations)