Home Equity Loans in Omaha, NE | Mutual 1st Federal
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Home Equity Solutions

 

Updating your home? Making necessary home repairs or upgrades? You may be able to use a home equity loan or home equity line of credit to finance your home improvements!

When using the equity in your home for a loan or line of credit, you can experience lower interest rates than many other financing methods like unsecured loans or credit cards.

Home Equity Line of Credit

  • For a limited time, take advantage of a 0.99% APR* Introductory rate for the first 12 months! Apply at mutualfirst.com/gohome
  • 5-year draw period
  • Access the funds as you need them with a cash advance; borrow as much or as little as you need from your pre-determined limit
  • Repayment starts 30 days after funds are accessed
  • Pay off your line of credit and use it again when needed
  • Home equity lines are secured by the value of your home
  • Variable interest rate, adjusted based on the current prime rate
  • Interest may be tax deductible*

Home Equity Loan

  • For a limited time, take advantage of 2.95% APR! Apply at mutualfirst.com/gohome.
  • Fixed, affordable payments
  • Terms up to 15 years
  • Easy payments using automatic transfers (ACH) from your checking account
  • Home loans are secured by the value of your home
  • Low cost loan payment protection available
  • Interest may be tax deductible*
Home Equity Line of Credit:  This promotional, introductory Annual Percentage Rate  (APR) of .99% applies only to new loans and is fixed for the first 12 months on new home equity line of credit loans. The 12-month introductory period immediately begins upon loan closing. After the Introductory Period ends, the APR is variable and is based upon an index and a margin. The variable APR will apply to the outstanding balance as of the end of the Introductory Period. Maximum APR is 18.0%; minimum APR is 4.0%. Margin, rate, and payment amount may vary based on property value, loan amount, creditworthiness, and other factors. HELOCs have a 5-year draw period and a 10-year repayment period. The applicant will be responsible for costs incurred if the loan is withdrawn or unable to meet approval conditions. Offers applies to owners who occupy a single-family residence. All loans are subject to approval, and other restrictions may apply.

Home Equity Fixed Rate Loan: $20,000 loan at 2.70% interest rate for 72 months with a $150 origination fee will have a 2.95% APR and a monthly payment of $301.87. Other rates and terms available for up to 180 months. Rates, terms, and conditions subject to change and may vary based on qualifications, including creditworthiness, loan-to-value ratio, and collateral conditions. Home equity loans only available in Iowa and Nebraska and do not include escrow. Appraisal fees may apply. The applicant will be responsible for costs incurred if the loan is withdrawn or unable to meet approval conditions. Offers applies to owners who occupy a single-family residence. All loans are subject to approval, and other restrictions may apply.


*Consult your tax advisor. 

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