A Home Equity Loan from MIT Federal Credit Union, the perfect solution for the joys of homeownership.
Homeownership is full of surprises. There’s always something that needs fixing, updating or adding.
Why not let your home pay for itself by using the equity to cover those expenses?
Because home ownership comes with enough surprises. Learn more about Home Equity Loans here.
Ready to apply now? Click here.
* APR = Annual Percentage Rate. Rates as of May 1, 2018. 10-Year Fixed Rate Home Equity Loan, cost per thousand borrowed at 3.50% is $9.89 per month. Payment on $175,000.00 at 3.50% is $1,730.61 per month, principal and interest. Payment does not include amounts for taxes and insurance premiums, if applicable. This 3.50% Home Equity Loan is available for new money only with MIT FCU. Minimum loan amount is $25,000. Maximum loan amount is $400,000. Borrow up to 90% of your home’s value (the appraised value of your home less any mortgage balance). MIT FCU will pay closing costs associated with loans of $15,000 or more. Home Equity Loans closed within 24 months of opening date will be subject to reimbursement of closing costs by the borrower. Homeowners and Flood Insurance may be required. Subject to credit approval. Rate/offer subject to change without notice.