A Home Equity Loan can be a great option if you need to borrow funds for a large expense. By utilizing the equity in your home to secure the loan, you can take advantage of much lower rates than other loan options. You can borrow at a low, fixed rate for a term of up to 10 years with a fixed monthly payment. A Home Equity can be used for:
- Home Improvements
- Debt Consolidation
- Medical Expenses
- Tuition or Educational Expenses
- Travel or Vacation
LMCU's Home Equity has no closing costs! Any points, closing costs, appraisal fees or other charges associated with the closing of the loan are paid for by the Credit Union.
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*APR= Annual Percentage Rate.