Makeover your house this summer with our low payment Michigan First Home Equity Loan. You've worked hard for your home, now let your home work hard for you! Home equity loans are paid in installments like a typical mortgage or car loan: you get cash up front, and pay your loan back over time.
YOU BORROW YOU PAY $10,000 as low as $83 per month2 $21,000 as low as $174 per month2 $35,000 as low as $290 per month2 $48,000 as low as $399 per month2
Apply For Your Loan Now!
Borrow money from your house and use it to increase its value. Or use the money for other needs, such as tuition, vacations, paying off high-interest credit cards and more. The loan works like a credit card; you're given a credit limit line to borrow against. When you pay down your debt, you free up additional credit. Plus, you get easy access to your line of credit by either transferring funds to your checking account online, by phone, or by writing checks.
Our Interest-Only Home Equity Line of Credit allows you to make interest-only payments during the initial period of the loan. If you want to build your equity faster, you can pay down the principal at any time during the interest-only period.
To apply, you can also visit one of our convenient locations or contact us today.
1Consult your tax advisor regarding deductibility. 2Payment examples are all based on a rate of 5.75% APR on a 15-year Fixed Home Equity Loan. Monthly payments are estimates only and will vary depending on final loan amount, terms, and Annual Percentage Rate. Annual Percentage Rates are based on credit score and subject to change. The better the credit, the better the rate. Restrictions apply. See Michigan First Credit Union for details. Limited time offer. All offers subject to credit approval.
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