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Help Fix It!

The right tool can help you fix the problem and save you money.

Is it time to “fix the heat”? Whether you’re feeling a brisk draft in the kitchen, the green carpet has outstayed its welcome, or the time has come to re-tile the leaky shower, your home’s value (that's right, it's value!) is ready to make this winter more comfortable. A Home Equity Line of Credit is an affordable, flexible source of money when and where you need it. MIT Federal Credit Union makes using your home’s value easier than you think. So… fix the heat!

Your Home + Your Imagination = Your Dreams

  • Unlock extra cash for improvements, repairs, or an emergency fund – use up to 90% of your home’s loan-to-value amount.*

Refinance and Cash Out

  • Refinance your existing mortgage loan to extend the length of time to draw on your funds, reduce your repayment time, and/or take cash out of your home.

Flexible, Affordable, Smart

  • Benefit from tax-related advantages of using your home’s value instead of other credit sources (consult your tax advisor for applicable details).


This winter is more comfortable with a Home Equity Line of Credit from MIT FCU

Apply today!

*Loan-to-value is based on your home’s appraised value and combining all liens on the home including the proposed HELOC/HEL (limit of $400,000.00). All MIT FCU Home Equity Loans and Lines of Credit are secured against the member’s residence and take 1st, 2nd or, in certain cases 3rd, lien position on the property. Home Equity applications require income verification, real estate tax bill, property deed, and mortgage or home equity statement, if applicable. MIT FCU will pay all closing costs should applicant borrow $15,000.00 or more and the loan is not repaid within the first 24 months. If the loan is repaid within the first 24 months, then the reimbursement of closing costs would apply. MIT FCU does not finance property in a trust or an investment property, or offer home equities in Texas.Real Estate Home Equity Lines of Credit are indexed to the Prime Rate published in the “Money” section of The Wall Street Journal. For monthly adjustable Home Equity Lines of Credit, the APR can change on the first day of each month and is established ten days prior to the first day of the month. For annually adjustable Home Equity Lines of Credit, the APR can change once per year on January 1, and the rate is established 30 days prior to this date. Rates are subject to change without notice. The maximum APR on Home Equity Loans and Lines of Credit is 18%.

Looking for more information on homeownership?

Mortgages and Homebuying

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