Home Equity
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Can I pay off my sub-account using funds still available on my Home Equity Master Line?
Yes, you can transfer funds from the Master Line to pay off an existing fixed...
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How can I access my Home Equity Master Line?
You can access your Home Equity Master Line a number of ways. You will have...
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Are there closing costs associated with a Home Equity Master Line?
Fees to open a Home Equity Master Line range from $241.00 to $1,118.00 based upon...
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Can sub-accounts be set up at any time, even if there is already a balance on the Home Equity Master Line?
Yes, you may set up a fixed rate sub-account at any time but may use...
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Is the interest on my Home Equity Master Line still tax deductible?
You should consult with your tax advisor for further information regarding deductibility of interest and...
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How do I set up a Home Equity Line sub-account?
Simply go to our website at Mocse.org and click on Home Equity under the Loans...
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What happens to extra payments? For example, if I pay $700 when the monthly amount due was $500, what happens to the extra $200?
The additional $200 will be applied to the principal balance for the home equity line...
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Will I be billed separately for each sub-account? Do I need to make separate payments for each Home Equity Master Line sub-account?
You will receive a monthly billing statement for funds advanced on your variable Home Equity...
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Is there a maximum dollar amount for a Home Equity Master Line sub-account?
No. The total outstanding balance including all sub-accounts may not exceed your Home Equity Master...
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Is there a maximum number of Home Equity Master Line sub-accounts?
We allow up to three fixed rate sub-accounts.