Home Equity

Saving up for something big but unsure about how a home equity loan can help? Metro North Federal Credit Union will help you from start to finish with your first, next or current home equity loan experience. See what kinds of home equity options your local credit union can offer you!

How Home Equity Works

A home equity loan uses the equity on your home as collateral when you borrow money. This amount can be figured out by subtracting the balanced owed on the home from the appraised value. For example:

Appraised Value – Balance Owed = Equity
$150,000 – $130,000 = $20,000

Use Your Home’s Equity to Borrow the Money You Need, Today

The best way to finance any major expense is with a home equity loan from your local credit union. On top of flexible terms and competitive rates, Metro North Federal Credit Union offers the following features for home equity loans:

  • Tax Deductible Interest Payments
  • Access to Your Home Equity Any Time
  • NO Fees
  • Quick Turnaround Time

Make Your Home Work for You with a Credit Union Home Equity Loan

Metro North Federal Credit Union is dedicated to helping you with all of your questions and concerns regarding home equity loans. Our goal is to provide you with the best access to credit union home equity loan information and choices. Call (947) 222-4790 to learn more today!

Let us Help You Get the Loan You Need Today

Call us at (947) 222-4790

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