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Unlock Your Home’s Potential With a Home Equity Line of Credit (HELOC) from MCT
HOW DOES IT work?
- Borrow a pre-determined limit of money as you need over time with a revolving line of credit.
- Only make payments on amount you borrow
- MCT advantage: option to carve out any amount and convert it to a fixed rate, up to your available line of credit.
- There’s no penalty for prepayment, no annual fee and no closing costs!*
A Home Equity Line of Credit from Mauch Chunk Trust Company lets you access the equity in your home through a revolving line of credit at a variable rate. Simply write a check whenever you need the extra cash over the draw period. There’s no prepayment penalty, no annual fee and no closing costs for lines under $250,000*. For lines over $250,000, title insurance is required to be purchased by the borrower(s).
When it comes to remodeling your home, consolidating debt, or making other major purchases, a Home Equity Line of Credit from MCT is a smart financing option. It offers low fixed rates, plus the flexibility of accessing your line of credit whenever you need it, up to your available credit line.
MCT Advantage: Carve out any amount and convert it to a fixed rate, up to your available line of credit! You’ll always know exactly what your payment is and as you pay off your fixed-rate lock balance, your line of credit funds become available to use again.
Your revolving line of credit has a variable annual percentage rate (APR) indexed to the Wall Street Journal Prime Rate. You can lock in segments of your HELOC loan within your approved credit limit at a fixed rate and term up to five times during the draw period.
Use our calculator to determine the Home Equity Line of Credit amount you may qualify to receive!
Ready to apply? Let’s get started.
* APR = Annual Percentage Rate and is subject to the credit approval and underwriting standards of Mauch Chunk Trust Company. Terms and conditions may vary depending on your credit score.
1 Offer valid through June 8, 2026. Fixed 6-month introductory rate is 4.99% APR with autopay or 5.24% APR without autopay. MCT checking account is required for autopay to be set up by date of loan closing. Existing lines of credit do not qualify for rate discount. Introductory rate shown includes a 0.25% discount for autopay from a MCT checking account and does not apply to any carved-out term; the rate may increase if autopay is terminated. With autopay and after the introductory rate, a 0.25% APR discount from the Wall Street Journal Prime Rate2 will be in effect for the life of the HELOC and does not apply to any carved out term loan. If you terminate your account within 36 months of opening it, you will be required to pay an Early Closure Fee consisting of (1) a $200 base fee, plus (2) any closing fees MCT paid on your behalf. MCT pays all closing costs for lines of credit $250,000 or less. For lines over $250,000, title insurance is required to be purchased by the borrower(s). Minimum loan amount is $10,000. Only for loans secured by the borrower’s primary or secondary residence (excluding investment properties) in Pennsylvania. Homeowners insurance is required. Introductory rate is subject to change without notice.2 After the introductory 6-months, the regular variable rate will be based on the Wall Street Journal Prime Rate, which is 6.75% as of April 1, 2026. Visit www.mct.bank/rates for details. Your APR may vary and rates are subject to change. Maximum APR is 18%. Visit www.mct.bank/heloc for offer details and to apply.
Mauch Chunk Trust Company NMLS #417258