Neighborhood Credit Union

Home Equity Loans

Use your home equity to upgrade your home, consolidate your debt, pay for college or to take a vacation! We offer two different types of Home Equity Loans offering competitive rates as low as 4.35% APR* so you can have the peace of mind to find a plan that’s right for you.

Apply today by calling our Mortgage Service Team at (972)-629-7896 or by email at mortgage@myncu.com!

Traditional Cash-Out Refinance
Term 5-15 years 15, 20, 30 years
Rate Fixed Fixed
Lien 2nd 1st
Min. Amount $30,000 $30,000

Benefits of a Traditional Home Equity Loan:

  • It does not impact your first mortgage
  • Acquisition costs are typically lower than a cash-out refinance
  • Interest charged on this loan may be tax deductible

Benefits of a Cash-Out Refinance:

  • Allows you to lower your current mortgage interest rate and capitalize on a lower total rate than a home equity loan or home equity line of credit (HELOC)
  • You only have one loan and one payment
  • The interest charged on this loan may be tax deductible

kitchen in luxury home

Get started by seeing what documents you’ll need to apply.

Apply today by calling our Mortgage Service Team at (972)-629-7896 or by email at mortgage@myncu.com!

 

*APR=Annual Percentage Rate. With approved credit. Rate and offer subject to change.