Montana Health CU

Home Equity

Using the equity you’ve built in your home as collateral is often one of the best solutions for your borrowing needs. Home Equity loans offer flexibility, great rates, and potential tax benefits.

At Montana Health we offer a fixed-rate home equity loan or a flexible home equity line of credit (HELOC). Both options let you access the equity in your home to pay for a wide variety of expenses such as home remodeling projects, education expenses, weddings, medical debts, and more.

  • HEIL Loan – This loan is a closed end “traditional” loan with a set payment amount, fixed rate, and term. This loan is perfect if you know exactly how much you are going to need and when you are going to need it. It is great for contracted home remodel projects, buying a new car, or a special event like a wedding.
  • HELOC Loan – This is a flexible loan that allows you to draw funds as you need it. As you pay down, more credit becomes available for use. This loan is ideal if you are working on a do-it-yourself project or simply extra cash flow when you need it. 
Home Equity


If you are interested in the details of either of these great products, please email Serene at or call at 406-606-1734.