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.
***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 December 21, 2023 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. 

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