The current rate as of 11/1/18 is 4.69% Annual Percentage Rate (APR). Rates include 0.10% discount for having a checking account with NECU, plus 0.10% discount for payments made through payroll deduction or automatic funds transfer from another NECU account, plus 0.10% discount for having an active NECU VISA credit card. Rates and amounts financed may be determined by your personal credit history, account relationship and payment method. Home Equity Loan minimum amount is $20,000, maximum $417,000. The loan must be in first lien position. Closing costs waived for the first loan (exceptions may apply). Otherwise closing costs could be up to $1,000. Property insurance is required. Flood insurance is required if the property is located in a flood zone. A $100,000 Home Equity Loan at 4.69% APR with 120 monthly payments of approximately $774.83 (includes payment protection) and total interest paid is $39,467.08.
Home Advantage Equity Loan
Our Home Advantage Equity Loan is a fixed-rate, close-ended home equity loan that is a great option for those who want a fixed home loan and don't have a mortgage or want to refinance their current mortgage.
With a Home Advantage Equity Loan you can:
- Save money by not paying any closing costs
- Borrow up to 80% loan to value ratio
- Get a fixed payment for the life of the loan
- Choose the term that is right for you
Need help choosing the right option for you?
See Home Equity Loans & Lines of Credit-At-A-Glance for a side-by-side comparison of NECU Home Equity Loans and Lines of Credit and features.
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