Turn your equity into opportunity with a home equity loan from MSGCU. Whether you want to renovate and revitalize your home, consolidate high-interest debts, or cover a major expense, we provide the stability of a fixed-rate solution.
You don’t have to give up your low mortgage rate to access your home's value. An MSGCU home equity loan provides a lump sum of cash to finance your goals, whether you're renovating, consolidating debt, or paying for education, while keeping your monthly payments predictable.
Applying for a Home Equity Loan
| Home Equity Loan - 2nd Lien | ||
| Type | Term | APR* as low as |
| Fixed - 80% Loan-to-Value | 1-5 Years | 6.49% |
| Fixed - 80% Loan-to-Value | 6-10 Years | 7.24% |
| Fixed - 80% Loan-to-Value | 11-15 Years | 7.74% |
| Fixed - 90% Loan-to-Value | 1-5 Years | 6.74% |
| Fixed - 90% Loan-to-Value | 6-10 Years | 7.49% |
| Fixed - 90% Loan-to-Value | 11-15 Years | 7.99% |
Example: A loan amount of $15,000 at 60 months with up to 80% Loan-to-Value and a rate as low as 6.49% (second lien) would be approximately $293.44. | ||
*Annual Percentage Rate (APR) may be higher, based on term of loan, credit score, collateral, and loan to value. Ask an MSGCU Representative for details. | ||
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Members and communities are at the center of everything that we do. Anyone in Michigan can bank with us, and we’re here to help all our members reach their financial goals.
