The current rate as of 12/13/17 is 4.50% Annual Percentage Rate (APR). Rates include 0.10% discount for having a checking account with NECU, plus 0.10% discount for payments made through payroll deduction or automatic funds transfer from another NECU account, plus 0.10% discount for having an active NECU VISA credit card. Rates and amounts financed may be determined by your personal credit history, account relationship and payment method. Home Equity Loan minimum amount is $10,000, maximum $200,000. Loan must be in second lien position.Closing costs waived for the first loan (exceptions may apply). Otherwise closing costs could be up to $1,000. Property insurance is required. Flood insurance is required if the property is located in a flood zone. A $10,000 Home Equity Loan at 3.69% APR with 84 monthly payments of approximately 146.56 (includes payment protection) and total interest payed is 1,400.83.
RealSmart Home Equity Loan
A home equity loan is extended to you in one lump sum, which is paid back in stable, fixed monthly payments.
With a RealSmartSM Fixed Rate Loan you can:
- Borrow up to 90% loan to value ratio
- Get a fixed payment for the life of the loan
- Chose the term that is right for you
Need help choosing the right option for you?
See Home Equity Loans & Lines of Credit-At-A-Glance for a side-by-side comparison of NECU Home Equity Loans and Lines of Credit and features.
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