We'll Second That -- Get a Great Deal with a MAFCU Home Equity Loan or Line
MAFCU has great rates on Home Equity Loans and Home Equity Lines of Credit. You can use equity in your home for home improvements, college tuition, medical or unexpected expenses, debt consolidation, or any other need you may have.
Take advantage of our current variable HELOC with the low rate of Prime Rate for the life of the loan.
Other great features of MAFCU’s Home Equity Line:
- No Annual Fee
- Borrow up to $225,000*
- Interest may be tax-deductible**
- Convenient payroll deduction available
- No application fee and low processing fee
- Easy and convenient application online, by phone, or in person
- Receive an answer within 24 hours
- Option to spend as you choose-- tuition, home improvement, debt consolidation
- Apply online; call 617-278-5600; or stop by the Credit Union at 365 Boylston Street in Brookline.
- Click here for rates
* Based on combined loan to value (CLTV) of 80%; or borrow up to 90% CLTV with maximum of $35,000. Subject to appraisal. MAFCU is an Equal Housing Lender.
** Consult your tax advisor concerning tax deductibility. Rates and terms are subject to change.
MAFCU’s Home Improvement Loan
MAFCU’s Home Improvement Loan makes it easy for members to use their equity in their home to increase the value of their property. Members with a professional estimate for work to be done may borrow $10,000 to $40,000, based on a 95 percent Loan-to-Value Ratio. Other benefits include:
- Low, fixed rate
- Ability to pay back the loan over one to fifteen years
- Potential tax advantages (check with your financial advisor to determine your eligibility)
- Apply online; call 617-278-5600, or stop by the Credit Union at 365 Boylston Street in Brookline
- Click here for rates
To qualify, the property must be an owner-occupied, one-to-four-family dwelling.
.