Home Equity Borrowing
The equity in your home can be a powerful ally to help you make the most of your life. Whether you're in the market for a new car, need to pay college tuition, have unexpected medical expenses, want to consolidate your bills, or want to do some remodeling, we have three ways to borrow right.
Need more information? Visit any branch or give us a call at 713-627-4000 or 800-877-8828. Ready to apply? Just ask us for a loan application packet.(3)
Home Equity Line of Credit
A Home Equity Line of Credit loan from MemberSource allows you to borrow just what you need to finance what you want:
- Borrow just the amount you need instead of a lump sum.(1)
- Receive a possible tax break. (2)
- Since it's an open-end line of credit, you can draw from it as often as needed, up to your personal limit. Funds become available to use again as you pay down the balance. No need to reapply for a loan every time you borrow.
- More payment flexibility. Payments can be made either every 30 days or every 14 days. It's your choice.
- Save money and pay off loans more quickly by transferring higher-interest debt to a lower-interest Home Equity Line of Credit.
For more information, to get a home equity packet3 or to apply for a Home Equity Line of Credit Loan, contact us at 713-627-4000 or 800-877-8828.
Home Improvement Loans
If you're like most people, you love your home. But even the best home can use a little improvement. That's why we offer home improvement loans of up to $100,000.
A home improvement loan from MemberSource won't just improve your quality of life — it'll probably improve the selling value of your home. It might even add more equity. And, as an added bonus, the interest on most home improvement loans is tax deductible.*
For more information, to get a home equity packet3 or to apply for a Home Improvement Loan, contact us at 713-627-4000 or 800-877-8828.
Home Equity Loans
After years of payments, maintenance, and tender-loving care, it's time your home paid you back. A Home Equity loan from MemberSource gets you the cash you need. Plus, with competitive rates and terms, convenient payment options, and the ability to borrow up to 80% of your equity (maximum $100,000), it’s a great deal.
For more information, to get a home equity packet (3) or to apply for a Home Equity Loan, contact us at 713-627-4000 or 800-877-8828.
(1) Certain restrictions apply. Subject to credit approval. Minimum
$4,000 withdrawal required.
(2) Consult your tax advisor regarding tax ramifications.
(3) Packets may be mailed to Texas Residents only.
*Consult your tax professional for more specific information Members and Non-Members welcome to apply.
