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 Home Equity Visa©

Talk about convenient! Here's the easiest way yet to access your Home Equity Line of Credit. Metro's Home Equity VISA card allows you to make purchases at any merchant that accepts VISA. However, unlike a regular credit card, you're simply accessing funds from your Metro Home Equity Line of Credit. It's fast, easy, and there are no fees or extra charges to get your card.

 

 

 

 

 

 

 

   Home Equity Available Credit Worksheet

 

Example:   Worksheet:  Worksheet:

Appraisal of home

$200,000.00

My Home is worth:

$ ________________

Percentage 90%

 x 90%

Percentage

X _____________%

% of appraised value

$ 180,000.00

% of Appraised Value

$ ________________

Less existing mortgage

$ 100,000.00

Less my existing mortgage

$ ________________

Potential credit line

$ 80,000.00

My Potential credit line

$_________________

Low Variable Interest Rate...

Currently  8.74 % APR

 

  Home Equity Secured Visa Gold

   Brochure    Application    Disclosure

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Your savings federally insured to a least $100,000 and back by the full faith and credit of the United States Government National Credit Union Administration, A U.S. Government Agency

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Copyright © 2007 Metro Federal Credit Union  Last modified: 08/10/08