Common Interest
Michigan Schools and Government Credit Union Quarterly Newsletter
Michigan Schools and Government Credit Union Quarterly Newsletter
With an MSGCU home equity loan, you can borrow at either 80% loan-to-value (LTV) with rates as low as 6.49% APR* or 90% LTV with rates as low as 6.74% APR. The 90% option allows for a larger loan amount, and for both options, interest rates are determined by loan term, credit score, and LTV. A home equity loan can help you meet your financial goals like:
*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. 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 $293.48.
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