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Home Equity Master Line

Turn your equity into reality

Whether you dream of renovations, educations, or exotic vacations, the equity you've built in your home can turn dreams into reality.


Use Some Now, Some Later

A Home Equity Master Line allows you to use portions of your equity as you need it. It's a revolving line of credit and you only pay interest on the amount you borrow. You can even lock portions of your line to fix the rate.


Borrow Up to $500,000[1]

For primary residences, loan amounts can be as high as $500,000, depending on appraised value.


Lower Interest

The best part about a Home Equity Master Line is that you'll generally pay a lower interest rate compared to other financing sources (like a personal loan or credit card).


Variable Rate With Fixed Rate Option

The best of both! The Master Line is a home equity line of credit with a variable rate, and it allows you to "lock" up to three separate loan balances at a fixed rate.


Easy Access

Write checks[2] or transfer funds from your Home Equity Master Line into your checking account. With online and mobile banking, it's also easy to manage the loan and make payments.


Consolidate High-Rate Debt

Save money and streamline your payments by consolidating higher rate loans into your Master Line.


View rates
As low as 8.00 % APR

Estimate your monthly payment

Let's see what your monthly payment could be.

Monthly Payment

You've worked hard for this

Make it happen with this low-rate loan option

Did you know a Home Equity Master Line can be used for anything?
✔ Debt consolidation
✔ Home renovations
✔ Education expenses
✔ Passion projects
✔ A vacation
✔ Wedding expenses

Home Equity feature 1
Benefit from your home's higher value

One Master Line, Many Uses

With a Master Line, you can lock portions of your line at a fixed rate as you go. For special projects, like a pool, wedding, or kitchen remodel, you can fix those loans under one line of credit, while still retaining the ability to use the remaining line for other needs. See the example below.

Home equity feature 2





Already have a Home Equity Master Line?

To easily request a lock on your Home Equity Master Line, fill out this form with your lock information below and the Loan Department will be in touch with you!

Marim was very patient, I had several transactions but made me feel comfortable. Had a question for bank manager, she too was able to answer in a polite demeanor.

— B. B.
I was able to get my request done quickly and courteously.
A. A.
Very helpful. Very knowledgeable. A very pleasant experience.
A. P.
I was greeted with a smile and had great customer service
B. P.

How it works

It’s easy to obtain a Home Equity Master Line with us

Step 1

Breeze through our Home Equity Master Line application online.

Step 2

We’ll touch base to help and answer any questions.

Step 3

Start using your Home Equity Master Line.

Your home can provide cash you need

Home equity is a valuable asset

Top questions

  • A HELOC is a flexible line of credit secured by your home’s equity but with a “draw” period (typically the first 10 years) which you may access from your available balance. You can draw at any time from this balance up to your available credit limit.  Interest rates on HELOCs are usually variable rates.

    With a Home Equity Master Line, you have the flexibility of a Home Equity Line of Credit with the option to lock in up to (3) fixed rate, fixed payment sub-accounts under your Home Equity Master Line.  The best of both worlds! The advantage of a revolving home equity line and a fixed rate/fixed term option.

  • You can divide up your Home Equity Master Line into smaller portions called sub-accounts. A sub-account gives you the advantage of a fixed rate, fixed payment, and a fixed pay off schedule.

    For example, let’s say you want to purchase an $8,000 kitchen countertop. You have a $20,000 credit limit on your Home Equity Master Line and no outstanding balance.  You can create an $8,000 sub-account and either lock in that amount at a fixed rate with fixed payments or allow the $8,000 to remain in your variable rate outstanding balance.

  • $5,000.

  • We allow up to three fixed rate sub-accounts.

  • No.  The total outstanding balance including all sub-accounts may not exceed your Home Equity Master Line credit limit.

  • You will receive a monthly billing statement for funds advanced on your variable Home Equity Master Line.  All funds that are locked into a fixed rate sub-account will be billed separately and appear on your monthly account statement.

  • The additional $200 will be applied to the principal balance for the home equity line of credit or sub-account you’ve chosen to make a payment to.

  • Simply go to our website at and click on Home Equity under the Loans tab.  You can send a secure lock request to our Loan Department for the amount you would like to establish for your sub-account.  You cannot exceed more than (3) fixed rate sub-accounts at one time.  You can also contact the credit union directly at 209-572-3600 or visit any branch location.

  • You should consult with your tax advisor for further information regarding deductibility of interest and charges.

  • Yes, you may set up a fixed rate sub-account at any time but may use ONLY the available balance.

  • Fees to open a Home Equity Master Line range from $241.00 to $1,118.00 based upon the collateral valuation.  Property insurance is required. Additional fees can include the following:  Lock Fee: $25.00, Annual Fee: $25.00 and Application Fee: $0.

  • You can access your Home Equity Master Line a number of ways.  You will have check writing capabilities, transfer access in online and mobile banking or you can contact the credit union directly.

  • Yes, you can transfer funds from the Master Line to pay off an existing fixed rate sub-account.

  • APR = Annual Percentage Rate.

    [1] Based on collateral valuation of the property and credit union guidelines

    [2] Minimum loan advance is $500.00

    Annual Percentage Rate (APR) is based on the following formula: the highest commercial prime-lending rate of interest as published in the Wall Street Journal, Western Edition, on the most recent publication date prior to the first day of the quarter, or index plus a margin. The minimum interest rate is 8.00% APR. The index, margin, floor rate of interest and APR will be disclosed to you when the loan is approved. There are no annual limits to rate changes. However, it will not increase above 18% APR.

    Payment Example:

    Pay $20.28 per month per $1,000 borrowed at 8.00% APR for 60 months.
    Pay $9.56 per month per $1,000 borrowed at 8.00% APR for 180 months.
    Pay $8.05 per month per $1,000 borrowed at 8.50% APR for 300 months.

    Note: Fees to open a Home Equity Master Line of Credit range from $241.00 to $1,118.00 based upon the collateral valuation used and amount of initial advance. Property insurance is required; flood insurance may be required. Minimum payment amount of $50 is required. A $25.00 annual fee will be assessed. Actual interest rate will be provided upon approval of a completed loan application. Other restrictions may apply.

    Mocse Credit Union NMLS #757328

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