Home Equity Loan
After all the years of paying for your dream home, now it's time to let your home pay for your dreams.
With a Home Equity Loan from Michigan Schools and Government Credit Union, you can get the money you need to finish your basement, add an addition onto your home, or even pay for college. It's one more option to setting yourself on the path to financial success.
- Competitive fixed rate
- Closed-end loan up to 15 years
- Borrow up to 80% of home's equity
- Minimal closing costs
- Interest paid is usually tax-deductible*
Check with one of our Mortgage Specialists to determine if this option is right for you.
*Consult your tax advisor regarding deductibility
| Home Equity Loan | ||
| Type | Term | APR* as low as |
| Fixed | 1-15 Years | 7.00% |
| Example: A loan amount of $10,000 at 7.00% for 120 months would have an approximate monthly payment of $116.14. | ||
| *Annual Percentage Rate. Rates based on term, credit, and collateral (contact MSGCU for details). | ||
