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700 E. Sharon Ave.
Houghton, MI 49931

Phone: 906.482.5005
Fax: 906.482.2451

memberservices@mtefcu.org

Routing Number: 291172682

Sunday, March 1st - 10:28 PM

Home Equity

Home Equity is one of your most valuable assets and one that has probably grown over years of home ownership. Unfortunately you can’t spend your home equity. However, you can unlock its power through a credit union home equity loan.

Home Equity Advantages:

  • Home equity loan interest is often deductible
  • Your rates, terms, and fees are more favorable than other loans because of the quality of the security
  • You can borrow up to 90% of your home’s current value in combination with other mortgages
  • You can use your home equity loan for any purpose – home improvements, automobiles, boats, recreational vehicles, investments, vacations, etc.

Call 906.482.5005 to speak with a loan officer about our two convenient options.

Home equity options include:

Home Equity Line of Credit – Take out a flexible, variable rate line of credit on your existing equity
Fixed Rate Home Equity Loan – Lock in a low fixed rate loan on your existing equity

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