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Home Equity Loan

With every mortgage payment you make, you build equity… and earn privileges. Put this purchasing power to work for you with a cost-effective home equity loan, and afford the things you want out of life. You’ve earned it!

Features and Benefits

  • Use the equity in your home for a variety of purchases: cars, boats, recreational vehicles, home furnishings, loans, lawn and garden, bill consolidation and more!
  • Maybe start your own business!
  • Borrow up to 85% of the equity in your home! An extremely affordable financing option with low minimum monthly payments.
  • Short- and long-term fixed rates provide predictable monthly payments.
  • Fast turnaround times mean you don’t have to wait to make your purchases.
  • Safety and security of the MBTeam, with all loans serviced in house.
  • For smaller home projects (under $5000) consider an Monroe Bank and Trust Home Improvement Loan.  

Enjoy cost-effective rates and terms all backed by the superior service of MBT.
 
Call an MBTeam loan professional today at 734-242-2204 to learn more.


 

Current Rates

 

Fixed Rate Home Equity (owner occupied)
Type Loan to Value Term Best Rate APR
6 year fixed 80% LTV 72/ 240 Month Note 4.75% 4.816%
6 year fixed 85% LTV 72/ 240 Month Note 5.00% 5.066%
1st Lien 6 year 80% LTV 72/ 240 Month Note 4.50% 4.502%
1st Lien 10 year 80% LTV 120/ 240 Month Note 5.50% 5.502%

 

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