Make the most of the equity in your home by taking advantage of the value you have been building. Refinancing your home can reduce your monthly payments, give you extra funds to complete those home improvements you’ve been meaning to get to, pay for college or anything you choose to accomplish. Use your home to get the funds you need, at rates and terms that make sense for your budget.
You Can Trust Equity Through Preferred
Competitive Loan Rates and Terms
Apply Easily Online
Home Equity Loans
Rates as low a 4.50% APR
Fixed term loan with up to a 15 year repayment (80% loan to value maximum)
Fixed term or line of credit available
Get the home equity loan to suit your needs
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Preferred Credit Union offers competitive mortgage products and mortgage rates.
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Home Equity Prime Line
Do you need some extra cash for some home improvements or repairs? Do you want to pay off some old bills that seem to be lingering about? How about getting some cash together for that vacation you have been dreaming of? If you answered yes to any of these questions, you should look into a home equity loan from Preferred Credit Union.
The Home Equity Prime Line is an open line of credit.
The interest rate on this loan is set to the Wall Street Journal prime rate; floor rate 5.00% APR.
You can borrow up to 65% of the equity in your home.
Fixed Rate Home Equity Loans
The credit union also offers fixed rate home equity loans. Members can borrow up to 80% of the value in their homes, less existing liens. We offer up to a 30 year term with a 5 year balloon.