Home Equity Loans

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When it’s time to finance major needs, such as education or home improvements, look to your home equity for potential savings. Not sure if you have equity? If your home’s market value exceeds your outstanding balance, you’ve built up valuable equity that can be used for just about any expense.

And unlike an unsecured personal loan, a home equity loan typically offers a more affordable source of cash. Whatever your need, you can expect competitive rates and localized service that put you first. Not an MFed member yet? Join us and experience the benefits of an institution that truly empowers its members.

Summary
  • Competitive rates for several short-term or one-time needs:
    • Education expenses
    • Major life events
    • Home remodel projects
    • Debt consolidation
    • And much more!
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms that work uniquely for you
  • The interest paid may be tax deductible*
  • No prepayment penalty
  • Receive funds in one lump sum
  • Line of credit also available
  • Local decision making and processing right here in San Diego
  • Helpful, customized service from MFed, an institution that cares

*Consult a tax advisor.

Finance your needs your way!