Fixed Rate Home Equity
Being a homeowner gives you the advantage of tapping into the equity that you’ve built up in your home over the years. This is a great way to finance home repairs, vacations, debt consolidation, and educational needs. Our Fixed Rate Home Equity product locks in a rate for the life of the loan. You may borrow a maximum of $250,000 for up to 20 years. Loans secured by your home’s value may be tax deductible. Check with your tax accountant.
Property must be located within a 100-mile radius of MPCU main office.
Feel free to contact us directly at 781-905-1500.
Home Equity Fixed Rate
| Name | Rate | Points | APR** | Cost Per Thousand*** |
|---|---|---|---|---|
| 1 - 3 Years | 6.250% | 0 | 6.250% | $30.54 - $86.18 |
| 4 - 5 Years | 6.500% | 0 | 6.500% | $19.57 - $23.71 |
| 6 - 10 Years | 7.000% | 0 | 7.000% | $11.61 - $17.05 |
| 11 - 15 Years | 7.500% | 0 | 7.500% | $9.27 - $11.15 |
| 16 - 20 Years | 7.750% | 0 | 7.750% | $9.10 - $8.21 |
***APR=Annual Percentage Rate. Please note that the interest rate and fees shown here are available to members with an excellent credit history. The actual interest rate and fees available will be based on credit history, property type and loan transaction type, and may be different than the rates displayed here. **New Autos 2025 and 2024 with less than 7500 miles. ***Pre-Owned Autos 2011-2024 with greater than 7500 miles. VSI Insurance is required on all Auto Loans. Minimum Payment Requirements on all auto loans: $25.00 weekly, $50.00 biweekly and $100.00 monthly. A 7 year term may be granted for new or used auto loans in excess of $30,000.00.
***APR = Annual Percentage Rate. APRs are based upon member’s credit score. Rates listed above reflect strong credit worthiness. Payments listed above do not reflect life and disability insurance. Rates and APRs effective March 13, 2025 and are subject to change without notice.
**No closing costs, although properties held in trust may require additional fees. Early termination fee of $400 applies for loans closed within first 36 months.
Note: All mortgages and home equity loans require property insurance.