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 |