For a limited time, we’ve dropped our fixed home equity loan rate to 4.49% APR!* Use your home’s value to fund your home improvements to increase its value and enjoyment. Or even pay off student loan debt or high-interest credit cards.
- $0 closing costs (in most cases)
- Borrow up to 80% of your home’s value (CLTV**). Borrow up to 90% at a higher rate
- Lower interest-only payments available on home equity line of credit***
| Borrow | Monthly Payment |
| $10,000 | $186.38 |
| $15,000 | $279.58 |
| $20,000 | $372.77 |
| $25,000 | $465.93 |
To learn more or to schedule an appointment, visit HomeEquity.LMCU.org, call (866) 294-3153, or stop by your local branch.
*APR = Annual Percentage Rate. Home equity loans available to borrowers in Michigan and Florida. Fixed rate and variable rate lines of credit home equity loans are available to well qualified borrowers and assumes automatic payment from a LMCU checking account. All rates are subject to approval and underwriting terms and conditions, so your rate may vary. Fixed Home Equity rate of 4.49% APR available for a 60 month term. Rates are available for new home equity loans opened on or after 10/1/19 and subject to change at any time. **CLTV =Combined Loan to Value. *** Interest only payments are available on Home Equity Lines of Credit at a variable interest rate for the 1st 120 months of the loan and will automatically convert to a fixed 180 month term and payment after that. Contact LMCU for additional details and stipulations. LMCU NMLS ID #442967
Topics: Home Financing & Renovation
