Nikkei Credit Union and Mabuhay Credit Union home

Home Equity Loans and Lines of Credit

Refinance Mortgage • Pay for College • Remodel Your Home • Consolidate Bills

Choose our new Nikkei Prime Line or the First Trust Deed Home Equity Loan and watch your goals become a reality.

As a homeowner, you’ve been building equity with each mortgage payment. With a home equity line of credit or loan, you can use your home as a collateral and borrow against what you already own.

Here is a sample as to how to calculate your home's equity (estimate).

Current Home Value*

-    Mortgage Balance
Your Home Equity Amount


-    $90,000

*Appraisal necessary

A Comparison
What's the difference between a line of credit and loan?

  Line of Credit Loan (First Trust Deed)
Fixed first five years, then variable Fixed
$25,000 - $600,000
Up to 80% of loan-to-value
$50,000 - $800,000
Up to 80% of loan-to-value
Terms 5 year draw period
20 year repayment period
Up to 15 and 30-year terms

No points
Fee for early termination (within 2 years)
Fee for loan.
No early termination fee.
Fee for loan.
Major, ongoing home improvements
College/University education financing
Wedding expenses
Refinance Mortgage
Major one-time home improvement projects (swimming pool)
Paying off or consolidating debt

Why not put your greatest asset to work and make your dreams a reality? Call us at 866.4NIKKEI (464-5534) or 888.MABUHAY (622-8429) for more information about our home equity solutions today.

Apply for a Loan Check Today’s Rates

Further Reading


Right Click

No right click