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.
|Name||Rate||Points||APR**||Cost Per Thousand***|
|0 - 3 Years||4.250%||0||4.250%|
|4 - 5 Years||4.500%||0||4.500%|
|6 - 10 Years||5.000%||0||5.000%|
|11 - 15 Years||5.500%||0||5.500%|
|16 - 20 Years||5.750%||0||5.750%|