I NEED FLEXIBLE ACCESS TO CASH.
WITHOUT RATES THAT WILL CRUSH ME.
Start your conversation with Roger Campos today. Se habla Español.
3.99% APR*
HOME EQUITY LINE OF CREDIT
6-months introductory rate
6.50% APR**
HOME EQUITY LOAN
on a 5-year term
Hey, Peekskill!
We're rated 4.6 out of 5 on Google
YOU HAVE ACCESS TO THE MONEY YOU NEED,
HOW YOU WANT IT, WITH $0 CLOSING COSTS^
You’ve been relying on your Savings Account and Credit Cards.
But now your rainy day fund has dried up and those credit card bills are sneaking up on you.
As you’ve paid your mortgage, you’ve built equity in your home. And you can use that equity as cash…so you’re not dipping into your Savings Account and or racking up those higher rate credit card bills.
Set up a revolving Home Equity Line of Credit that you can use as you need. Or try a fixed rate Home Equity Loan to receive a lump sum.
Borrow up to $175,000 with loans and up to $300,000 with lines for:
Home Improvement
Major Purchase
Emergency Money
Debt Consolidation
COMPARE HOME EQUITY OPTIONS
| Home Equity Line of Credit | Home Equity Loan | |
|---|---|---|
| Term | 5 or 10 year draws, 15 year repayment | 5, 10, 15, or 20 years |
| Closing Costs^ | $0 | $0 |
| Rate | 3.99% APR* introductory rate for 6 months | Starting at 6.50% APR** |
| Max Loan Amount | $300,000 | $175,000 |
| Borrow up to this Amount of Your Home’s Value (LTV) | 80% | 80% |
No Equity? No Problem.
If you just purchased your home, you can still draw cash from it. Learn about Equity Edge Loans.
YOU’RE READY FOR A SMARTER, MORE FLEXIBLE WAY TO USE YOUR HOME'S EQUITY
Leave your Savings Account alone. And stop piling up the credit card debt. You’ve worked hard to build your equity. Now it’s time it works for you.
$0 Closing Costs^
Revolving Line of Credit or Lump Sum Loan
Dedicated Home Equity Expert
YOU SHOULD BE ABLE TO CHOOSE HOW TO ACCESS YOUR HOME'S EQUITY
I want a revolving line and low intro rate: Home Equity Line of Credit Access funds as you need them Low introductory rate with a variable rate thereafter Borrow up to 80% of your home’s value Best for ongoing projects or as an emergency fund | I want a lump sum and a fixed rate: Home Equity Loan Receive a lump sum Closed-ended term with a fixed rate Borrow up to 80% of your home’s value Best for a large purchase, project, or debt consolidation |
YOU’RE GOING TO HAVE QUESTIONS
And you’re going to want to know you’re picking the right home equity for you. Roger is going to help you navigate the entire process. Get started with Roger right here. Submit your information. He’ll be in touch within 1 business day. Se habla Español.
WHAT YOUR NEIGHBORS ARE SAYING
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MHV truly understands the needs of families, the flexibility and features of their Home Equity products are much better than similar products available from other financial institutions in this area.Man M.-S.
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Our recent application for a home equity loan was handled professionally from start to finish. Leonel Soriano took us through the application process with attention to every detail and followed through until our loan was approved. That personal attention made the process stress free and easy to complete.Margeaux and Garry D., JR.
*APR = Annual Percentage Rate. Promotional APR available for HELOCS up to $175,000 and will terminate at the end of the promotional period. Non promotional rates are variable and subject to credit qualifications and will be indexed to the Prime Rate published in the Wall Street Journal the third Friday of February, May, August and November (8.5% as of 11/17/2023) and a) less .25% for lines less than $175,000, b) plus .75% for lines of $175,001 to $250,000 and c) plus 1.25% for lines of $250,001 to $300,000. Rates take effect the first day of the following quarter, subject to a net maximum change of 3% and a maximum APR of 18%. Promotional offer subject to change or terminate at the discretion of MHV. Offer not available for Equity Edge or Home Equity Fixed Rate Loans. Additional terms and conditions may apply. See Branch or call for details.
**APR=Annual Percentage Rate. Rates effective as of 10/3/23. Rates are subject to change without prior notice and apply to 1 or 2 family, owner-occupied residences. Actual interest rates and APR’s may vary based on credit history and other loan characteristics. Receive a .25% reduction on your Fixed Equity Loan rate when you set up automatic payments from your MHV savings or checking account. Your rate may vary. Closing costs paid by the Credit Union may be recaptured if loan is closed/terminated within the first three years on loan amounts up to $175,000. For example: 60 monthly payments of $19.57 per $1,000 borrowed at 6.50%. Payment example does not include amounts for taxes and insurance premiums. Actual payment obligation may be greater.
^ All closing costs on loans/lines up to $175,000 are paid by the Credit Union and may be recaptured if loan is closed/terminated within the first three years on loan. For lines over $175,000 Mortgage Tax and Title Insurance are paid by the member and all other closing costs are paid by the Credit Union and may be recaptured if loan is closed/terminated within the first three years.