Home Equity Loans- Mutual First Federal Omaha Credit Union
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Home Equity Solutions

 

If you have owned your home for some time, your home value may have appreciated. You may be able to turn to a home equity loan or home equity line of credit to provide money for home improvement projects, educational expenses, debt consolidation, and more.

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

  • 5 year draw period
  • Access the funds as you need them; 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
  • Easily access your line of credit with a cash advance to your Mutual 1st Federal account or by check
  • 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 20 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*

Contact a Financial Service Representative today at 402.697.3402 to get started!

 

 

*Consult your tax advisor.

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