Home Equity Loans in Omaha, NE | Mutual 1st Federal
Skip to main content

online banking login

online banking login

Home Equity Solutions

 

Starting a home remodeling project? 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

  • 1.99% APR* Introductory rate for the first 9 months
  • 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

  • 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*

Cash Out Refinance

  • Rates as low as 4.89% APR* for up to 15 years
  • Combines your existing mortgage with your new home equity for one monthly payment
  • It pays off your mortgage and provides additional funds using the equity in your home
  • Get the cash for your remodel at time of closing
  • Home loans are secured by the value of your home
  • Low cost loan payment protection available
  • Interest may be tax deductible*


*Consult your tax advisor.

Cash-out Refinance Details: TERMS UP TO 180 MONTHS AVAILABLE. *APR = Annual Percentage Rate. APR is accurate as of 9/4/18. For a $75,000 loan at 4.84% interest rate for 180 months with a $200 origination fee and loan-to-value of 75% or less will have a 4.89% APR and a monthly payment of $589.25. Add .25% to the rate for payments that are not deducted from a Mutual 1st Federal account with direct deposit. Your APR will be based on characteristics of your credit transaction, including borrower credit rating, loan to value, property type, and term. Rates are subject to change. Property insurance is required. Payments do not include taxes and insurance premiums. Cost of appraisal not included. Offer applies to owners who occupy a single family residence.

Connect with Us

Our Blog
Our Blog
mail
Email Sign Up
Locations
Locations
facebook
Facebook
twitter
Twitter